January 26, 2025

Capacity Market

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PJM in Discussions with Gov. Shapiro on Capacity Price Cap
PJM is in discussions with Pennsylvania Gov. Josh Shapiro to work toward a resolution on his complaint to FERC asking it to lower the price cap of the RTO’s capacity market.
NYISO
NYISO Begins Capacity Market Structure Review
NYISO laid out the timeline for its Capacity Market Structure Review project, which will take up the better part of 2025.
Consumers Energy
6th Circuit Rules Against Michigan Local Clearing Requirement
A federal appeals court has brought Michigan’s practice of requiring some amount of locally generated electricity to a standstill, finding fault with local clearing requirements.
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NECA Conference Previews the Future of Markets in the Northeast
Managing the often-at-odds priorities of affordability, reliability, and decarbonization will require a delicate balance of innovation, market reforms, and stability, industry experts said at the Northeast Energy and Commerce Association’s Power Markets Conference.
PJM
PJM MRC/MC Preview: Jan. 23, 2025
Among other actions, the PJM Markets and Reliability Committee and the Members Committee will consider endorsing various manual revisions.
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MISO Ponders Redistributing LSEs’ MW Obligations Based on Demand During Risky Periods
MISO hopes to mete out different reserve margin obligations to its load-serving entities as it sees bigger perils on the horizon.
Shutterstock
FERC Permits 2030 Finish Date for MISO Order 2222 Compliance
FERC accepted MISO’s second try at Order 2222 compliance, allowing MISO time to prepare through mid-2029 before it fully accepts aggregators of distributed energy resources into its markets in 2030.
MISO
Following DR Exploitation, MISO Announces Stiffer Requirements Before Capacity Auction
MISO revealed it will crack down on demand response testing requirements ahead of its spring capacity auction, while some stakeholders argued the stepped-up measures amount to a change that requires FERC approval.
Commonwealth of Pennsylvania
Shapiro Warns of ‘Reevaluation’ of PJM if Capacity Prices not Addressed
Pennsylvania Gov. Josh Shapiro urged PJM Chair Mark Takahashi to “intervene with” RTO leadership to revise the design of the capacity market before conducting the 2026/27 BRA to avoid an “unacceptable” increase in capacity market prices.
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PJM PC/TEAC Briefs: Jan. 7, 2025
PJM’s Andrew Gledhill presented a proposal to the Planning Committee to revise the installed reserve margin and forecast pool requirement for the third 2025/26 Incremental Auction.

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