Energy Market
State regulators, consumer advocates, generators and the Independent Market Monitor asked FERC to modify its June 9 order largely approving PJM’s Capacity Performance plan.
PJM officials said last week they intend to move up the day-ahead energy market schedule despite a lack of consensus among stakeholders.
PJM's Market Monitor told FERC that proposals by the RTO and a marketer to change the FTR forfeiture rule would weaken protections against market manipulation.
Grid operators have asked CFTC to remove language from a draft order that they say could undermine the broad exemptions the commission granted them in 2013.
PJM generating companies that deactivate or transfer ownership of units in their fleet will have to revise their reactive power rates or explain why they have decided not to to FERC.
FERC rejected a rehearing request on its approval of Commonwealth Edison’s wholesale distribution charge on an energy storage facility.
MISO Market Monitor David Patton called for tighter rules on wayward generators, more precise real-time pricing and a fix for Financial Transmission Rights funding shortfalls.
FERC rejected requests by two PJM generators seeking the recovery of “stranded” natural gas costs incurred during the polar vortex last year.
ISO-NE's power prices dropped by more than 40% in the first quarter of 2015 thanks to lower natural gas costs, the Internal Market Monitor reported.
FERC approved PJM's Capacity Performance proposal, a dramatic restructuring of the RTO's capacity market.
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