In his quarterly state of the market report, the PJM IMM said the results of the 2018 Base Residual Auction show the need to change its capacity offer cap.

The SPP Market Monitoring Unit (MMU) reported that energy prices averaged about $23/MWh in the spring, despite higher loads.

High uplift costs, market power and the capacity market highlighted the External Market Monitor’s concerns in the ISO-NE State of the Market report.

MISO’s markets performed competitively but should implement several changes to improve market functions, the 2017 State of the Market report concluded.

Sharing highlights from the 2017 State of the Market report before GCPA’s Houston chapter, ERCOT Monitor Beth Garza discussed what 2018 has in store.

ERCOT’s Independent Market Monitor released its annual State of the Market report, saying the wholesale market “performed competitively” in 2017.

SPP’s winter real-time prices increased 4.6% from the previous year, according to the Market Monitoring Unit’s latest quarterly State of the Market report.

January’s cold weather resulted in a sharp increase in natural gas and power prices in the first quarter, PJM’s Independent Market Monitor reported.

As they have in the past four years, the trends in natural gas dominated the discussion of FERC’s annual State of the Markets report.

PJM told Market Implementation Committee meeting attendees that it plans to salvage some of its proposal to revise its regulation market that FERC rejected.