operating reserve demand curve (ORDC)
FERC approved PJM’s proposed energy price formation revisions, agreeing with the RTO that its reserve market was not functioning as intended.
Rob Gramlich of Grid Strategies examines how ERCOT's market performed this summer, finding it provided price signals to attract and retain resources.
MISO is hoping to avoid the need for a 6th straight waiver of its $1,000/MWh offer cap this winter, filing a year ahead of a FERC deadline.
A tag team of ERCOT executives reviewed the grid operator’s summer preparations at the Board of Directors’ last meeting before the season begins.
PJM's price formation proposal won backing from generators, but Maryland regulators and the Market Monitor asked FERC to reject it.
Jennifer Chen of Duke University's Nicholas Institute, argues that PJM's proposed revisions would increase carbon emissions and costs to consumers.
PJM’s Market Monitor said the RTO’s updated simulation results for energy price formation underestimate the impact of its operating reserve demand curve.
PJM proposed an alternative stakeholder process to implement market rule changes recommended in a special report on the RTO’s role in the GreenHat default.
PJM filed its energy price formation proposal with FERC after a yearlong discussion with stakeholders produced no consensus.
American Municipal Power said that PJM’s rush to file its energy price formation proposal with FERC leaves the door open for design flaws.
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