cost of new entry (CONE)
FERC approved the revised NYISO demand curves but said the ISO must eliminate the assumptions about new peaking plants in the NYCA.
MISO’s forward capacity auction proposal for merchant supply is close to being filed with FERC, and the RTO is using the final weeks to make presentations to support its stance.
MISO stakeholders are asking the RTO to think more broadly about how energy storage technologies can participate in its markets.
PSEG and P3 had disputed PJM’s use of an 8% cost of capital used in cost of new entry calculations.
PJM said the changes to the variable resource requirement curve and related pricing inputs were necessary to meet evolving market conditions.
NYISO said a 2012 FERC order was unclear with respect to the comparison made between the default offer floor and unit net CONE in determining the floor.
FERC dismissed a challenge to the pricing rule for new generation in ISO-NE, which Exelon and Calpine had wanted tossed in advance of this week’s FCA.
Some coal-fired power plants at risk of retirement under the EPA’s carbon emission rule could survive thanks to renewable energy, according to a PJM study.
PJM’s Board of Managers will file its Capacity Performance proposal this week with FERC to increase the reliability expectations of capacity resources with a “no excuses” policy.
PJM members deadlocked last week on changes to capacity market parameters with none of five proposals winning a supermajority.
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