Energy Market
FERC issued a deficiency letter last week asking PJM to justify its proposal for reserve pricing in emergencies.
Powhatan Energy Fund’s trading scheme cost more than 20 PJM market participants at least $100,000 each, with Exelon, AEP and Dominion each losing more than $1 million, according to an RTO analysis released by FERC.
Attorneys for Powhatan Energy Fund and Kevin Gates accused FERC's Office of Enforcement of withholding information that could exonerate their clients in a high-profile market manipulation case.
Boston lamented that PJM took unilateral action on several contentious proposals in 2014 after stakeholders were unable to reach consensus.
FERC will revisit its decision to prohibit MISO from assessing export charges to PJM for multi-value projects that benefit PJM customers.
FERC approved SPP’s market-to-market coordination rules with MISO, after the two RTOs resolved an earlier dispute over the creation of flowgates.
MISO’s Market Monitor urged FERC last week to resolve a standoff between MISO and PJM over interface pricing that he said is costing consumers millions.
FERC will accept comments until Feb. 19 on price formation in RTO and ISO energy and ancillary services markets.
Massachusetts needs additional natural gas pipeline capacity to avoid severe energy shortages in the next few decades, a study concluded.
FERC granted PJM’s request to increase the cost-based energy offer cap to $1,800/MWh through March.
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