Capacity Market
PJM updated stakeholders on its progress in collecting up to $2 billion in non-performance penalties stemming from Winter Storm Elliott.
PJM's MIC deferred a vote on adopting a problem statement and issue charge to discuss combined cycle modeling in the market clearing engine.
PJM's Independent Market Monitor has proposed a plan to eliminate performance assessment intervals and related penalties from the RTO’s capacity market.
Tony Clark and Vince Duane question whether the single marginal price construct still works with the increase in low-cost intermittent resources.
Michael Surran, CC BY-SA 2.0, via Wikimedia Commons
PJM members’ vote to limit resources’ capacity interconnection rights is not likely to end the dispute over how the RTO accredits intermittent resources.
NYISO gave the Installed Capacity and Market Issues Working Groups further revisions to its proposed rules for distributed energy resource aggregations.
PJM’s Markets and Reliability Committee and Members Committee endorsed a proposal to change the RTO’s accreditation methodology for intermittent resources.
The MC approved NYISO’s proposed tariff revisions related to the expiration and transfer of capacity resource interconnection service.
Generation owners say a PJM filing that asks FERC to approve a change to the parameters of the RTO’s 2024/25 capacity auction is a tariff violation.
RTO stakeholders presented FERC with a cornucopia of suggestions for dealing with electrification and the increasing penetration of renewables.
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