The Texas Supreme Court heard oral arguments over whether the Public Utility Commission had the authority to order electric prices be set at $9,000/MWh during the 2021 winter storm.

Negative day-ahead prices surged in CAISO during the first quarter stemming from surpluses of solar and hydroelectric output.

The plethora of dispatch data PJM provides is only useful if the grid operator also explains what it means, stakeholders told RTO staff at a special MIC.

PJM should explain its daily operating decisions in more detail so market participants can better understand price formation and how markets are formed.

The PJM Market Monitor reported that capacity and regulation market results were “generally competitive” in the first 9 months of 2016, but remain vulnerable to stress.

MISO said that it is developing alternative solutions to the Monitor’s recommendation in the second phase of the ELMP rollout.