Energy Market
The Southwest Power Pool wholesale electricity markets have reduced electricity costs by more than $1 billion since 2014, the RTO announced.
The New England Power Generators Association (NEPGA) says a rule meant to prevent withholding of generating resources unfairly cost them $100 million during an August heat wave.
The entry of Arizona Public Service and Puget Sound Energy into the Western Energy Imbalance Market went off without a hitch, according to CAISO.
The MISO Independent Market Monitor presented new data showing how much energy is wasted because of the RTO’s lenient thresholds for uninstructed deviations, reviving his criticism of the rules.
MISO's mechanism for allocating charges under its settlement with SPP was certified by a FERC administrative law judge the same day the Market Subcommittee met.
Maxim Power will pay $8 million to settle a FERC complaint that it manipulated the New England power market in a fuel-switching scheme.
The NYISO Management Committee discussed the latest Reliability Needs Assessment and a heat wave that prompted a mandatory systemwide demand response event.
FERC approved the CAISO plan to for a new market mechanism for itself and the Western EIM designed to integration of variable renewable energy resources.
FERC said it is considering changing how it evaluates market power in electric utility mergers and applications for market-based rate authority.
FERC is considering changes to its Electric Quarterly Report rules, including requiring data on ancillary services transactions and changes to how financially settled trades are reported.
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