Energy Market
The MISO Market Subcommittee discussed FERC's recent order on energy storage and December's spike in revenue sufficiency guarantee payments.
The PJM Operating Committee discussed a recent performance assessment hour simulation and debated replacing a phase angle regulator.
PJM officials briefed the Market Implementation Committee on the implications of FERC's lack of quorum.
FERC said it will give CAISO more time to address its concerns over intertie bidding at the borders of the Energy Imbalance Market (EIM).
In a settlement approved by FERC's Office of Enforcement, GDF SUEZ will will pay almost $82 million to PJM to settle market manipulation charges.
Members of the Energy Imbalance Market (EIM) saw increased savings and profits with the addition of Puget Sound Energy and APS.
Arizona Public Service (APS) can continue to charge market-based rates in Tucson Electric Power’s balancing authority area, FERC ruled.
MISO officials and stakeholders discussed December's record output for wind power, IT improvements and transmission cost allocation.
The FERC decision dealt with companies implicated in manipulating prices during the initial "Summer Period" of the Western Energy Crisis.
PJM stakeholders agreed to update pseudo-tie rules, move quickly on efforts to reduce uplift and create a new Security & Resiliency Committee.
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