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July 23, 2024

Market Monitor

PJM Averts Use of Temporary $1,800/MWh Cost-Based Offer Cap
PJM made it through the winter without having to invoke a temporary cost-based energy offer cap of $1,800/MWh, the Independent Market Monitor reported.
SPP Board of Directors/Members Committee Meeting Briefs
A summary of measures and issues discussed at the SPP Board of Directors/Members Committee meeting on April 28, 2015.
FERC Fines Maxim Power $5M in Switching Scheme
FERC fined Maxim Power $5 million and employee Kyle Mitton was fined $50,000 for overcharging ISO-NE.
SPP Market Monitor Protests Make-Whole Promise for Gas Units
The SPP Market Monitor asked FERC to reject a proposal that would bar the RTO from canceling commitments of gas-fired generators if they are not needed.
External Constraint Vexing MISO, Market Monitor Says
The MISO Market Monitor says transmission loading relief requests attributed to a TVA constraint are causing price volatility within the RTO.
Fuel-Burn Allegation Meant to Force Settlement of Unrelated Cases, Maxim Says
Maxim Power says market manipulation allegations by FERC are an attempt to gain leverage for a settlement of charges from subsequent, unrelated cases.
PJM MIC Briefs
A round-up of news from the PJM Market Implementation Committee on March 11, 2015.
Monitor: Winter Prices Boosted PJM Prices, Raise Withholding Concerns
Last winter’s cold raised concerns about economic withholding, the PJM Independent Market Monitor said in its annual State of the Market report.
Members Dispute PJM, IMM on Unfinished Changes to Notification, Start-Up Times
PJM officials are seeking manual changes to document rules on generator notification and start-up times they said had been authorized by members in 2012.
Dynegy, PJM IMM Reach Settlement on Duke, Energy Capital Partners Deal
Dynegy has reached a settlement with PJM’s Market Monitor to alleviate market power concerns over its purchase of 12,400 MW of generation from Duke and ECP.

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