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July 23, 2024

Market Monitor

Independent Market Monitors Wouldn’t Have It Any Other Way
Joe Bowring and David Patton often disagree, but they are 100% in agreement on the need for independence in market monitoring.
State Regulators: FERC Probe into Bowring Allegations Fell Short
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.
SPP MMU Struggles to Find its Voice
The record shows that until the last 18 months, the SPP Market Monitoring Unit generally filed only testimony packaged with RTO filings.
SPP Squelching MMU Independence, Former Monitors Say
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 Monitor: Modify Capacity Export Planning
NYISO’s Market Monitoring Unit is recommending changes to the capacity market and planning processes in import-constrained zones.
Order 719: FERC Balanced MMU Independence Against RTO Autonomy
The independence concerns raised by former SPP market monitors resulted in part from FERC’s compromises in Order 719.
PJM LMPs Drop 47% in 1st Quarter
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.
Proposals to Cut Tier 1 Compensation Fall Short
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.
MISO Monitor: Extended LMP Changes Minimal Thus Far
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 Sides with SPP Monitor on Mitigated Offers
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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