Energy Market
COVID-19 and record hurricane and wildfire seasons made 2020 “a unique and at times challenging year,” FERC said in its State of the Markets report.
ERCOT said it will seek board approval for a potential price correction needed because of software errors that occurred on Feb. 15 during a winter storm.
A Nevada bill intends to increase transparency around how much renewable energy the state is producing and how much of it is sold to other states.
NYISO locational-based marginal prices averaged $63.70/MWh in February, more than triple the $21.11/MWh average in February 2020.
Texas' Senate is requiring the repricing of $4.2 billion in transactions ERCOT’s IMM identified as “billing errors” associated with February's winter storm.
SPP raked in another $27.87 million in market-to-market settlements from MISO during December and January, pushing its total to $168.11 million.
ERCOT faces a shortfall of more than $3 billion after widespread generator outages stemming from a February winter storm.
Stakeholders told FERC that the proposed Southeast Energy Exchange Market (SEEM) doesn’t go far enough to increase competition.
Gov. Greg Abbot rejected calls to fire PUC Chair Arthur D’Andrea, who has refused to reprice billions of ERCOT transactions during February’s winter storm.
While it warns of more system risk in the coming years, MISO is preparing for an unremarkable spring and a routine capacity auction.
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