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November 17, 2024

Energy Market

FERC Accepts ISO-NE Auction Results
FERC accepted the results of ISO-NE’s 10th Forward Capacity Auction, again concluding that the prices were just and reasonable.
FERC Eliminates Wind’s Reactive Power Exemption
New wind generators will be required to provide reactive power following a FERC order eliminating their exemption from having to provide the service.
ERCOT Board of Directors Briefs
The ERCOT Board of Directors approved extending an RMR contract with NRG Energy for its Greens Bayou Unit 5 plant in the Houston area.
FERC Issues 1st RTO Price Formation Reforms
RTOs will be required to align their settlement and dispatch intervals under new price formation rules approved by FERC.
Lack of Carbon Pricing Distorting RTO Markets, CEOs, Ex-Regulator Say
RTO markets are being distorted because of policymakers’ carbon pricing failures, two RTO CEOs and a former FERC & PA PUC commissioner told a NY Energy Week audience.
Court’s Reticence Frustrates Energy Bar
A panel of attorneys at the Energy Bar Association (EBA) Annual Meeting discussed recent Supreme Court rulings in three state-federal jurisdictional cases.
FERC Ended Audit Without Talking to Key Witness
FERC effectively ended their 13-month inquiry of the SPP audit of MMU's independence without interviewing Oversight Committee Joshua W. Martin III.
Low Gas Prices, Increased Solar Undercut CAISO 2015 Power Costs
CAISO's Department of Market Monitoring reported that solar power surpassed wind in 2015, becoming the largest source of renewable generation.
Berkshire Market-Based Sales Restricted in 4 Western BAAs
FERC  revoked authorization for Berkshire Hathaway Energy subsidiaries to sell wholesale power at market-based rates in four  balancing authority areas.
Lawyers Take an Economics Class: Capacity Markets vs. Scarcity Pricing
Four Ph.Ds. joined in a tag-team debate on the virtues of scarcity pricing versus capacity markets in a panel discussion cum economics seminar at the Energy Bar Association’s Annual Meeting.

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