Capacity Market
Gas- and coal-fired generators said the sharp price drop in PJM’s 2023/24 capacity auction shows the RTO’s long-term reliability is at risk.
Capacity prices dropped by one-third to almost one-half in PJM’s auction for 2023/24, likely depressed by the end of the MOPR and a tougher price cap.
FERC accepted NYISO's Order 2222 compliance filing but directed the ISO to file revisions related to small utility opt-in requirements and other provisions.
FERC said it will take another look into whether Dynegy manipulated pricing in MISO’s 2015/16 capacity auction and violated federal laws.
MISO’s board of directors gathering covered concern over slipping capacity reserves as heat blistered the footprint and forced emergency preparations.
More than 200,000 AEP customers in Ohio lost power after storms damaged multiple transmission lines and forced load sheds on at least three 138-kV lines.
New England is wrestling with the practical realities of implementing any of the regional policy options for decarbonization analyzed in its Pathways Study.
PJM responded to its Market Monitor’s latest recommendations, noting that many of the issues are in the scope of current stakeholder discussions.
The PJM MIC discussed rules on including environmental credits in energy offers, setting pricing during market suspensions and DR for weather-sensitive load.
MISO and the Organization of MISO States’ 2022 resource adequacy survey again sounded the supply alarm rung from the 2022/23 capacity auction results.
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