MISO said its second seasonal capacity auction returned sufficient capacity in all zones except a portion of Missouri, where prices soared to more than $700/MW-day in fall and spring.

FERC once again said it needs more information on clearing price caps before MISO can proceed with sloped demand curves in its capacity auctions.

PJM's Independent Market Monitor filed a FERC complaint alleging the RTO's Capacity Performance penalty structure undermines reliability and offered an alternative calculation based on capacity revenues.

The PJM Markets and Reliability Committee overrode concerns from Illinois consumer advocates and regulators to create a fifth cost of new entry area for the Commonwealth Edison region.

PJM's Markets and Reliability Committee and Members Committee will meet Oct. 25, with potential votes on creating a fifth cost of new entry area for the Commonwealth Edison zone in Illinois, the 2023 Reserve Requirement Study and capacity offers for generators with co-located load.

The PJM Market Implementation Committee endorsed the creation of a fifth cost of new entry area for the Commonwealth Edison zone, as well as two proposals aiming to limit the prospective performance impact of implementing multi-schedule modeling in the market clearing engine.

FERC reaffirmed its support for NYISO’s 17-year amortization period in its installed capacity market, rejecting protests from state regulators and consumers.  

MISO has calculated significant increases in its annual cost of new entry for use in its capacity auction in the 2024/25 planning year.

PJM's Markets and Reliability Committee endorsed issue charges, opening stakeholder discussions on generator deactivation timelines and a potential overhaul of the reserve markets during its Sept. 20 meeting.