Capacity Market
Nearly a decade after the MISO capacity auction in which Dynegy was found to have manipulated clearing prices, FERC has directed hearing and settlement procedures in the case.
Governance structures and market rules at ISO-NE that favor incumbent interests have contributed to pushing the region into costly and carbon-intensive reliability solutions, law professor Joshua Macey told the Consumer Liaison Group.
PJM's Independent Market Monitor filed a complaint asking FERC to reject all energy efficiency offers into the RTO's capacity market, alleging none of them meet the Base Residual Auction participation requirements.
Battery storage remains largely reliant on state programs and subsidies to be viable in Massachusetts but could increasingly stand on its own as renewable energy proliferates, a panel of energy storage experts said.
The PJM MRC endorsed a proposal to revise how capacity obligations for serving large load additions are calculated to limit capacity assignments to areas where the LLAs are forecast to actually interconnect.
MISO expects a hot summer and should be able to survive load peaks into the 120-GW range, but the system could be on the brink if a scorching day produces demand near 130 GW.
There’s no going back on waning capacity in MISO, panelists agreed at a gathering of state regulators, though predictions of escalating load growth have some skeptical.
The Members Committee voted to re-elect three members of the PJM Board of Managers, even though several advocates voted against the re-elections to express their frustration.
FERC partially reversed a 2023 order allowing PJM to modify a parameter for the 2024/25 Base Residual Auction to avoid a substantial increase in capacity prices in the DPL South transmission zone.
ISO-NE’s proposed resource capacity accreditation updates would result in an estimated 11% increase in capacity market revenues, the RTO told the NEPOOL Markets Committee.
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