January 31, 2025

Capacity Market

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PJM MIC Briefs: July 10, 2024
PJM’s Market Implementation Committee endorsed by acclamation a proposal to revise two financial inputs to the quadrennial review to reflect changing market conditions, particularly increased interest rates.
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PJM Hears Proposals to Redesign EE Participation in Capacity Market
PJM stakeholders presented several proposals to revise how energy efficiency resources are measured and verified to the Market Implementation Committee.
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MISO Monitor Spotlights Congestion Fixes, Market Mismatches in 2023
MISO’s Independent Market Monitor debuted six new market recommendations this year as part of his annual State of the Market report.
MISO
MISO: Sloped Curve Would Have Raised 2024/25 Capacity Auction Prices
As it gears up to run its first auctions using sloped demand curves, MISO said prices and procurement would have risen had it used them in this year’s auctions.
Siemens
Renewable Group Asks MISO Community to Consider HVDC Capacity
A renewable energy trade group asked MISO to put more thought into how HVDC transmission’s ability to infuse the footprint with more external capacity could influence MISO’s capacity auctions.
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MISO Proposes to Split LMR Participation, Accreditation into Fast/Slow Groups
MISO said it will likely split load-modifying resource participation into two options in an effort to line up their true contributions with accreditation.
Jakec, CC BY-SA 4.0, via Wikimedia Commons
Talen Energy Deal with Data Center Leads to Cost Shifting Debate at FERC
Talen Energy’s deal to carve out capacity from its Susquehanna Nuclear Plant to serve a growing data center on its site drew protests at FERC from other parties who argued the deal and others like it could shift costs and threaten reliability. 
Potomac Economics
NYISO Monitor: NYC Capacity Costs Rose 221% in Q1
New York City saw a 221% increase in capacity costs in the first quarter due to the retirement of 600 MW in peaker plants and the increase of more than 300 MW in the local installed capacity requirement.
ISO-NE
NEPOOL Markets Committee Restarts Work on Capacity Market Changes
ISO-NE presented the initial scope of its work to coordinate resource capacity accreditation improvements with proposed capacity market timing changes at the NEPOOL Markets Committee summer meeting.
Shutterstock
FERC Approves LS Power Gas Plant Purchase Despite PJM Monitor’s Concerns
FERC approved LS Power’s purchase of an 810-MW natural gas plant in central Pennsylvania despite some qualms from PJM’s Independent Market Monitor. 

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