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November 17, 2024

Energy Market

SPP Market Savings Hit $1 Billion Mark
The Southwest Power Pool wholesale electricity markets have reduced electricity costs by more than $1 billion since 2014, the RTO announced.
Generators: ‘Unjust’ Rule Cost $100M in New England Heat Wave
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.
Smooth EIM Transition for Arizona Public Service, Puget Sound Energy
The entry of Arizona Public Service and Puget Sound Energy into the Western Energy Imbalance Market went off without a hitch, according to CAISO.
Monitor Again Criticizes MISO’s Uninstructed Deviation Rules
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 Market Subcommittee Briefs
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 to Pay $8M to Settle Fuel-Switching Case
Maxim Power will pay $8 million to settle a FERC complaint that it manipulated the New England power market in a fuel-switching scheme.
NYISO Management Committee Briefs
The NYISO Management Committee discussed the latest Reliability Needs Assessment and a heat wave that prompted a mandatory systemwide demand response event.
FERC OKs Ramping Product for CAISO, EIM
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 Considers Changes to Market Power Analyses
FERC said it is considering changing how it evaluates market power in electric utility mergers and applications for market-based rate authority.
FERC Considering Changes to EQR Requirements
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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