SPP’s Market Monitoring Unit released the final version of its 2019 State of the Market report and a study on improving issues across the MISO seam.

ISO-NE’s wholesale market costs last fall declined 38% year over year to $1.5 billion, with both energy and capacity market costs decreasing significantly.

Lower natural gas prices and increased renewable penetration pushed wholesale power prices down sharply in most of the country last year.

The average load-weighted, real-time LMP in PJM was $27.32/MWh last year, a 28.6% decrease from 2018 and the lowest in the RTO’s 21-year history.

SPP’s Marketing Monitoring Unit has scheduled a pair of webinars over the next two weeks to discuss reports it has recently released.

CAISO reported lower wholesale electricity prices during the third quarter, driven by lower natural gas costs and fewer transmission constraints.

Record low energy prices persisted for the first nine months of the year in PJM, the Independent Market Monitor said in its State of the Market report.

MISO officials said they agree with almost all the recommendations outlined by the Independent Market Monitor in this year’s State of the Market report.

NYISO congestion costs surged in the second quarter despite lower electricity prices, gas price spreads and load levels, the Market Monitoring Unit said.

PJM’s markets remain “under attack” from those concerned about the retirements of unprofitable legacy generators, the Monitor said.