Capacity Market
FERC ordered PJM to remove the 10% cost adder for the reference resource used to establish the VRR curve in the RTO’s capacity market.
Several stakeholders condemn MISO’s bid to reconfigure its resource adequacy design into seasonal auctions with availability-based resource accreditations.
The PJM Market Implementation Committee endorsed an issue charge to study the treatment of generation with co-located load.
PJM staff told stakeholders they were seeking to move the upcoming BRA originally scheduled for later this month to the end of June to comply with FERC.
The NEPOOL Markets Committee approved changes to the rules around retirement bids and discussed upping financial penalties for missed project milestones.
FERC accepted ISO-NE’s request to terminate the capacity supply obligation for the Killingly Energy Center in eastern Connecticut.
PJM's year was punctuated by changes in the capacity market as votes by stakeholders led to the implementation of the RTO’s narrowed MOPR.
PJM's upcoming 2023/24 BRA is set to be delayed again after FERC partially reversed its 2020 decision on the RTO’s energy price formation revisions.
MISO's 2022 to-do list will be dominated by getting major transmission built and crafting a seasonal capacity auction.
Resource adequacy concerns and market rules and transmission infrastructure to support state clean energy policies highlight the issues facing ISO-NE in 2022.
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