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December 23, 2024

Independent Market Monitor (IMM)

© RTO Insider LLC 
PJM MIC Briefs: Dec. 4, 2024
PJM's Adam Keech told the Market Implementation Committee the RTO plans to file governing document revisions with FERC to expand the requirement that resources must offer into the capacity market to also apply to all resources holding capacity interconnection rights.
MISO
In a Pickle: FERC Issues $27M in Fines over Ketchup Caddy DR Deceit
FERC ordered Ketchup Caddy and its owner to pay $27 million in penalties for dishonestly offering demand response services in MISO’s capacity market from 2019 to 2021.
NextEra Energy
MISO: Flag, Penalties Needed to Address Generators’ Uninstructed Deviation
MISO expects to roll out a new flag system by June 2025 to give a stronger indication when generation owners are deviating from dispatch instructions.
© RTO Insider LLC 
MISO in Agreement with IMM’s State of the Market Recommendations, Work Begins on 1
MISO this year said it generally agrees with the six new market recommendations brought forward in its Independent Market Monitor’s annual State of the Market report and is actively working on one of them.
ATC and ITC
MISO IMM Makes Closing Arguments Against $21.8B Long-range Tx Plan
MISO Independent Market Monitor David Patton has made a final stand against the RTO’s $21.8 billion long-range transmission plan, while members are advising the MISO Board of Directors that the IMM's opinions on transmission shouldn't hold water.
© RTO Insider LLC 
Panels Debate PJM Capacity Market Design at OPSI Annual Meeting
Panels during the OPSI Annual Meeting discussed the 2025/26 capacity auction yielding an eightfold jump in prices, as well as possible changes to the subsequent auction.
© RTO Insider LLC
PJM, Monitor Seek Contract Resolution by End of Nov.
The PJM Board of Managers and Monitoring Analytics are seeking a resolution by the end of next month to negotiations on the company’s contract to serve as Independent Market Monitor.
PJM
PJM Market Monitor Releases Second Section of 2025/26 Capacity Auction Report
The second leg of the Independent Market Monitor's analysis on PJM's 2025/26 Base Residual Auction looked at the impact of not counting reliability-must-run resources as capacity, paired with several other factors.
© RTO Insider LLC
Stakeholders Divided on PJM Proposal to Expedite High-capacity Generation
PJM's proposal to create an expedited interconnection process for high capacity factor generation would seek to add gigawatts of capacity by fast-tracking studies on around 100 projects.
© RTO Insider LLC
MISO Demand Response Under Increasing Scrutiny; IMM Warns of More Potential Schemes
Demand response in MISO is poised to be subject to more rigorous standards as the Independent Market Monitor warns of more potential bad actors.

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