Polar Vortex
Consumer representatives and the Independent Market Monitor expressed concern at the MRC over PJM’s plans for vetting energy offers exceeding $1,000/MWh.
The Illinois Commerce Commission issued strengthened consumer protections against the marketing practices of alternative retail electric suppliers.
PJM agrees there is an issue with maintaining reliability, but not the one suggested by the DOE's recent call for price supports for coal and nuclear.
Gas supply for New England and Southern California is the top reliability concern for the coming winter, FERC officials said.
Energy Secretary Rick Perry on Thursday defended his call for supporting struggling coal and nuclear plants: “these resources must be revived, not reviled.”
Energy Secretary Rick Perry on Thursday defended his call for supporting struggling coal and nuclear plants: “these resources must be revived, not reviled.”
Energy Secretary Rick Perry on Friday ordered FERC to rescue at-risk nuclear and coal generation by ensuring they receive “full recovery” of their costs.
FERC has granted MISO a waiver of its $1,000/MWh offer cap for winter, providing the RTO relief before the commission’s RTO/ISO-wide cap takes effect.
With winter looming, FERC last week adopted a rule that would double the “hard” RTO offer caps for day-ahead and real-time markets to $2,000/MWh.
MISO predicts it will have double its required winter reserve margin, due in part to increased north-south transfer capacity and improved emergency pricing.
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