Market Monitor
Joe Bowring and David Patton often disagree, but they are 100% in agreement on the need for independence in market monitoring.
Bowring’s allegations at a FERC technical conference in 2007 that PJM attempted to muzzle his internal market monitoring unit shook the RTO to its roots.
The record shows that until the last 18 months, the SPP Market Monitoring Unit generally filed only testimony packaged with RTO filings.
SPP has interfered with the autonomy of its internal MMU, according to two former monitors who say they were fired for voicing their concerns.
NYISO’s Market Monitoring Unit is recommending changes to the capacity market and planning processes in import-constrained zones.
The independence concerns raised by former SPP market monitors resulted in part from FERC’s compromises in Order 719.
The Independent Market Monitor reported that PJM had lower LMPs, fuel prices and demand in the first quarter in its quarterly State of the Market report.
The MRC failed to reach consensus on reducing compensation for Tier 1 synchronized reserves, with proposals by PJM and the Market Monitor both falling short.
The MISO board’s Markets Committee met at Potomac Economics headquarters in Fairfax, Va., to review the Market Monitor’s quarterly metrics report and its monitoring procedures.
FERC sided with SPP's Market Monitoring Unit in a long-running dispute with generators over what costs can be included in mitigated offers.
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