December 24, 2024

Markets

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PJM MRC/MC Briefs: Dec. 18, 2024
The PJM stakeholders have endorsed changes to accounting of demand response in load forecasts, among other actions.
Admin Monitor
Texas PUC Shelves PCM Design Over Lack of Benefits
Texas regulators shelved the market design they once favored, agreeing with staff's recommendation that the performance credit mechanism results in “minimal” additional resource adequacy value.
NYISO
Winter of NYISO Stakeholders’ Discontent over ‘Complete’ Projects
Two initiatives that have bedeviled discussion at NYISO committees in the last few weeks of the year reared their heads again at the final Budget Priorities Working Group meeting of the year 
South Fork Wind
NYISO MC Approves Dynamic Reserves, Regulation Multiplier Proposals
During its last meeting of the year, the NYISO Management Committee approved two proposals that would institute a new design for the reserve market and alter a calculation used in the regulation service market. 
MISO
MISO Switches to In-house Load Forecasting to Gauge Soaring Demand
Facing proliferating load additions, MISO has begun developing in-house long-term load forecasts after years of relying on outside help to form load outlooks.
Kevin Dooley, CC BY-SA-2.0, via Wikimedia Commons
Western Market Developers Compare Approaches to GHGs
On the surface, CAISO’s Extended Day-Ahead Market and SPP’s Markets+ will take similar approaches to accounting for greenhouse gas emissions — but important differences remain.
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MISO Closing in on New LMR Accreditation
MISO said it will finalize an availability-based accreditation for nearly 12 GW of load-modifying resources over the first quarter of 2025 ahead of a filing with FERC.
Bonneville Power Administration
BPA Touts Markets+ in Response to Seattle City Light Opposition
The Bonneville Power Administration continued to argue that SPP’s Markets+ is preferable to CAISO’s EDAM, stating in a letter to Seattle City Light that potential benefits of a single West-wide market footprint must be viewed with “significant skepticism."
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BPA Has not Made ‘Business Case’ for Markets+, NW Senators Say
The four U.S. senators representing Oregon and Washington contend BPA has failed to make a financial case for joining Markets+, a condition they say should be the key driver of the agency’s decision to participate in a Western day-ahead market.
LADWP
LADWP Gets Board’s OK to Join CAISO’s EDAM
The Los Angeles Board of Water and Power Commissioners gave the go-ahead for LADWP to join CAISO’s EDAM, in a move expected to increase the utility’s annual net revenue by almost $40 million.

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