Markets
IESO opened discussions on new rules for storage facilities and hybrid resources that will enable the provision of regulation service.
FERC approved Constellation's purchase of Calpine, which will create an even bigger IPP with nearly 60 GW around the country, with the biggest share of that in PJM.
The clearing price is the highest in PJM history and an increase of $59.22 (22%) from last year’s record for the RTO.
SPP stakeholders resoundingly rejected a proposed tariff change to integrate large loads, pushing back against what some say is a rushed process outside of the normal stakeholder structure.
FERC sided with MISO IMM David Patton, denying a petition from MISO that would have prevented the RTO from reimbursing the Monitor for reviewing the market impact of transmission planning.
A new task force will examine how the WPP’s WRAP can continue to operate efficiently under the new multimarket environment emerging in the West.
Industry experts say that while DOE's report points to a well known issue, it focuses only on keeping old plants online instead of needed new capacity.
FERC is moving to rescind the West-wide wholesale electricity price cap mechanism it instituted in 2002 in response to widespread price manipulation during the Western energy crisis of 2000/01.
The author behind the bill that would allow CAISO to relinquish market governance to an independent RO has delayed a hearing after several organizations withdrew support for the proposed legislation.
The heat wave at the end of June caused the average locational-based marginal price for the month to increase dramatically, NYISO said.
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