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June 30, 2024

Independent Market Monitor (IMM)

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FERC Fines CPower $2.5M over ISO-NE Capacity Payments
CPower has agreed to a $2.5 million penalty after FERC's enforcement division found the company took capacity payments in violation of ISO-NE rules.
IMM Report Notes Rising Fuel, Congestion Costs in PJM
PJM's real-time LMPs and congestion costs both spiked in the first half of 2022, driven by increasing fuel prices and loads, the IMM reported.
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OMS RA Summit Confronts Midwestern Supply Squeeze
State regulatory staff and MISO executives found no easy answers to solve a burgeoning reliability crisis after converging for a resource adequacy summit.
MISO
MISO Monitor Prescribes 5 New Fixes in Annual Market Report
MISO is evaluating new recommendations from its Market Monitor that include transmission reconfiguration plans, reducing out-of-market commitments and more.
COOKFOX Architects
Developer in ISO-NE Hit with FERC Fine for Capacity Market Fraud
The company behind a Massachusetts gas plant agrees to pay a $17 million penalty and hand back $26 million in profits after FERC found that it misled ISO-NE.
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MISO Board Meets Amid RA Concerns, Emergency Alerts
MISO’s board of directors gathering covered concern over slipping capacity reserves as heat blistered the footprint and forced emergency preparations.
PJM
PJM Responds to Market Monitor Recommendations
PJM responded to its Market Monitor’s latest recommendations, noting that many of the issues are in the scope of current stakeholder discussions.
Potomac Economics
IMM: ERCOT Conservative Operations ‘Not Compatible’ with Energy-Only Market
In its State of the Market report, ERCOT's Market Monitor said the grid operator's conservative operations approach undermines the energy-only market’s design.
MISO
Midwest Capacity Shortage Leads to Must-offer Talk
MISO’s capacity auction shortfall has nearly doubled its probability of load shedding in its Midwest region, prompting discussion of must-offer requirements.
PJM
PJM Monitor: LMP Rose to Near Record in Q1
Energy prices in PJM increased by 75.5% in the first quarter of 2022 from a year ago, the Market Monitor reported, driven primarily by higher fuel costs.

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