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

The MRC voted on four packages of revisions as part of PJM’s quadrennial review of the VRR curve, but none of the proposals received majority support.

When stakeholders begin considering potential changes to PJM’s demand curve next month, one of the main debates will likely center on whether combustion turbines should remain the reference technology for estimating the cost of new entry be replaced by combined-cycle gas turbines.

PJM members at last week’s MRC meeting endorsed revisions to an initiative examining the calculation of the balancing ratio used in setting capacity offer caps.

The New England Power Generators Association filed a request for rehearing of FERC's approval of ISO-NE’s updated cost of new entry value.

PJM stakeholders discussed a myriad of topics and challenges facing the markets at last week’s Mid-Atlantic Power Market Summit hosted by Infocast.

FERC accepted ISO-NE’s updated cost of new entry (CONE) and offer review trigger price (ORTP), effective March 15, 2017.

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.