The PJM Board of Managers agreed to submit staff’s revised energy price formation proposal for FERC approval, CEO Andy Ott said.

PJM stakeholders failed again to reach agreement on energy price formation rules, as a last-ditch effort at compromise fell short in a sector-weighted vote.

ERCOT stakeholders moved to address the Texas grid’s growing pains by tweaking the system’s ancillary service offerings, which predate 2010.

The MRC endorsed a change to align PJM’s Tariff with manual language on the process for requesting incremental capacity transfer rights calculations.

PJM members were unable to reach consensus on any of five proposals to improve price formation for energy and reserves Thursday.

Calpine’s modification of PJM’s energy price formation proposal emerged as the first choice members will consider at Thursday’s Markets and Reliability Committee meeting.

MISO’s ongoing market system replacement will focus on moving the platform to the cloud and creating a single means of submitting modeling data.

The mothballing of a coal-fired plant has reduced ERCOT’s reserve margin of 8.1% to 7.4%, prodding the Texas PUC into ordering market changes.

The working group charged with shepherding carbon pricing into New York’s wholesale electricity market discussed how to handle import/export transactions.

Independent Market Monitor Joe Bowring said PJM’s proposed revisions to how it prices reserves necessitates changes in the capacity market.