market to market (M2M)
NYISO locational-based marginal prices averaged $38.70/MWh in September, down from $42.56/MWh in August but up 31% from the same month a year ago.
FERC approved the first SPP seams project when it accepted Tariff revisions incorporating a cost-sharing and usage agreement with AECI.
FERC denied a rehearing request but clarified an underlying order addressing MISO’s multi-value transmission projects.
SPP stakeholders approved staff’s recommendation to remove AEP’s Wind Catcher project from the 2019 ITP assessment scope.
Southwest Power Pool (SPP) has kicked off an effort to develop an alternative rate structure for recovering its administrative costs.
The MISO market was competitive in 2017, but the RTO should do more to address increasing congestion and low capacity prices, Monitor David Patton said.
FERC has allowed MISO and PJM to implement the first of a two-phase fix to remedy double-charging of congestion fees on pseudo-tied generation.
The SPP Market Monitoring Unit (MMU) reported that energy prices averaged about $23/MWh in the spring, despite higher loads.
MISO and PJM challenged the contention by MISO’s Independent Market Monitor that PJM’s two long-term market-to-market (M2M) errors have cost MISO millions.
SPP said it is accepting applications for industry experts to serve on a fourth independent panel to review Order 1000 transmission proposals in 2019.
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