Energy Market
Stakeholders split last week over a PJM proposal to change how the RTO captures the cost of deploying additional reserves during extreme weather.
Stakeholders split last week over a PJM offer cap proposal that changes how the RTO captures the cost of deploying additional reserves during extreme weather.
Regulators, consumer advocates and the Market Monitor last week urged the Federal Energy Regulatory Commission not to change a crucial rule for PJM’s upcoming capacity auction, warning that it would allow generators to exercise market power.
PJM will resettle $89 million in bills due to logging errors that overcharged LSEs in the eastern portion of PJM during the polar vortex.
PJM is proposing a MISO scheduling product similar to the PJM-NYISO CTS solution that has conditional FERC approval to facilitate interchange optimization.
PJM and the IMM have reached agreement on a way to reduce the number of Frequently Mitigated Units eligible for “adders” but their proposal faces heavy opposition from generation owners.
PJM has dropped a plan that would have allowed dispatchers to cut interchange ramp limits in order to reduce price volatility and uplift.
Fuel procurement and environmental limitations are the top obstacles to increasing the flexibility of PJM’s generating fleet, according to the PJM generator survey results released last week.
PJM is considering new rules to address issues, including defaults, raised by the collapse of two retail marketers in January.
A look at how MISO and the Northeast RTOs are planning to cope with winter 2014-15.
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