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November 20, 2024

Energy Market

CAISO Expands Reach to 7 States with Imbalance Market
The California ISO’s expansion of its energy imbalance market to six other states have some asking the question: Is this the beginning of an RTO West?
PPL-Riverstone Spin-Off Shuffles GenCo Rankings
It’s too early to say whether PPL shareholders be better off now that the company has decided to spin off its generation unit. But there’s no doubt the deal with Riverstone Holdings will shuffle the generator rankings.
45-Minute Rule for Interchange Transactions Dropped
PJM members endorsed the removal of a requirement that interchange transactions last at least 45 minutes to comply with a FERC mandate.
Recordings Capture Tense Operations During January Cold
Transcripts filed in Duke Energy's "stranded gas" complaint offer a behind-the-scenes look at PJM operations under extreme stress.
PJM Reserve Proposal Gets OK for Trial Run
PJM won approval of its short-term plan for capturing reserve costs in energy prices after agreeing to a sunset provision that won over load representatives.
Zonal Base Load Definition Changed to Prop Up ARRs
Stakeholders approved a revised Zonal Base Load definition to ensure that zones don’t lose Auction Revenue Rights due to extreme weather.
New Task Force to Target FTR Underfunding
Members last week agreed to create a senior task force to fix the underfunding of Financial Transmission Rights (FTRs) following a debate over the role of Auction Revenue Rights.
PJM Backs Duke’s $9.8M ‘Stranded Gas’ Claim
PJM told FERC last week it should allow a Duke Energy peaking plant to recover $9.8 million it spent on expensive natural gas it was unable to burn in January.
Court Throws Out Demand Response Rule
A FERC rule requiring PJM and other RTOs to pay demand response market clearing prices violates state ratemaking authority, a federal appeals court ruled today.
PJM, FERC: Grid is Ready for Summer
After a record-breaking winter in which it narrowly avoided load shedding, PJM says it is confident it can keep air conditioners running this summer. But forward prices suggests costs may be higher than last year.

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