Markets
Committee business included a quick-fix package to expand the definition of dual-fuel generation in the Reliability Assurance Agreement to include generation capable of running on a backup fuel type with off-site storage and dedicated delivery.
MISO Midwest entered emergency status during the RTO’s first serious heat wave of the summer.
PJM's Markets and Reliability Committee discussed a problem statement and issue charge brought by Pennsylvania Gov. Josh Shapiro to open a discussion on establishing a sub-annual capacity market design.
FERC approved a PJM proposal to revise the penalty rate for resources that are unable to meet their capacity obligation due to a decrease to their accreditation.
FERC accepted SPP's tariff revisions to its Western Energy Imbalance Service market that allow market holds for reliability-based concerns when requested by a balancing authority.
The formation of two competing day-ahead markets will create seams across the West, but at least one utility representative is more worried about seams resulting from the fracture of CAISO’s real-time Western Energy Imbalance Market.
CAISO's Board of Governors and the Western Energy Markets Governing Body approved a new method for allocating certain congestion revenues in the ISO's Extended Day-Ahead Market, set to launch in 2026
Tri-State asked the Colorado Public Utilities Commission to find it would be in the public interest for the power supplier to join SPP, saying integrating with the RTO would bring significant benefits.
Capacity markets have brought significant cost savings for customers in the Northeast over the past two decades but now face the critical need to evolve amid rapid load growth and a changing resource mix.
Lazard’s latest analysis of the levelized costs of energy concludes that wind and solar are the least-expensive new-build power generation for the 10th year in a row.
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