ISO-NE procured 31,370 MW in this year’s capacity auction, the grid operator said Friday.

Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.

NYISO briefed the Installed Capacity/Market Issues Working Group on its efforts to improve capacity accreditation.

PJM stakeholders requested that the Board of Managers provide more information about its initiation of a fast-track process to address reliability concerns.

MISO’s attempt to justify a new resource accreditation process gave way to heated debate over how to best alleviate the footprint’s reliability challenges.

FERC shut down a pair of requests for exemptions from a resource availability cutoff under MISO’s new availability-based accreditation method.

Generation owners in PJM say declining capacity prices and market participation in the Base Residual Auction demonstrate underlying issues with the market.

PJM capacity prices dropped in much of the RTO for delivery year 2024/25, but ratepayers in five regions will face increases due to locational constraints.

The PJM Markets and Reliability Committee endorsed an RTO proposal to increase the maximum number of bids a single corporate entity can enter into FTR auctions.

PJM’s Board of Managers is opening an accelerated stakeholder process to address rising reliability concerns about the RTO’s capacity market.