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September 28, 2024

Energy Market

RWE
CAISO Adjusts Timeline for Storage Bid Cost Recovery Initiative
Responding to stakeholder pushback, CAISO has extended the timeline of its initiative refining bid cost recovery provisions for storage resources to allow for more discussion.
SEEM
SEEM Members Respond to FERC Briefing Request
Members of the Southeast Energy Exchange Market argued to FERC that the market is beneficial to customers and should be allowed to continue.
SPP
FERC Accepts Changes to SPP’s WEIS Market
FERC accepted SPP’s revisions to its WEIS market tariff related to the residual supply index and ensuring that affiliated market participants’ resources are evaluated together.
Convergent Energy and Power
NYISO Tariff Revisions Include Uncertainty Reserve
NYISO staff presented tariff revisions that may be deployed as early as Q1 of 2026 to account for the uncertainty of wind and solar energy forecasts.
PJM
PJM MRC/MC Preview: Aug. 21, 2024
PJM proposes tightening "know your customer" rules, which require members to provide information to facilitate the due diligence PJM conducts on key decision-making leadership.
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SPP Dispels Concerns over Markets+ Deficiency Letter
SPP assuaged potential Markets+ participants that FERC's deficiency filing and other recent developments have not hindered its commitment to Western expansion.
Arizona Public Service
Markets+ Backers Highlight Reliability in 2nd ‘Issue Alert’
The integration of Markets+ with the Western Resource Adequacy Program would be among a handful of key reliability benefits of SPP’s Western day-ahead offering, according to an “issue alert” published by 10 entities that backed development of the market.
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FERC Establishes Settlement Procedures for ISO-NE IEP Exit Request
FERC established settlement judge procedures in response to a waiver request from a generator seeking to exit ISO-NE’s inventoried energy program and refund the net revenues received from the program.
PJM
PJM MIC Briefs: Aug. 7, 2024
PJM has decided not to refile several components of its proposed capacity market redesign that was rejected by FERC in February.
California Senate
California Energy Officials Pitch Pathways Plan to State Senators
California energy agency heads appeared before state lawmakers to pitch the proposed CAISO governance changes being developed by the West-Wide Governance Pathways Initiative.

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