January 28, 2025

Markets

MISO
Following DR Exploitation, MISO Announces Stiffer Requirements Before Capacity Auction
MISO revealed it will crack down on demand response testing requirements ahead of its spring capacity auction, while some stakeholders argued the stepped-up measures amount to a change that requires FERC approval.
SPP
FERC Approves SPP Price Formation Rules; Needs More Time on Resource Accreditation
FERC approved price formation reforms for SPP and set questions around resource accreditation for additional proceedings in a pair of orders issued at its regular monthly meeting.
Commonwealth of Pennsylvania
Shapiro Warns of ‘Reevaluation’ of PJM if Capacity Prices not Addressed
Pennsylvania Gov. Josh Shapiro urged PJM Chair Mark Takahashi to “intervene with” RTO leadership to revise the design of the capacity market before conducting the 2026/27 BRA to avoid an “unacceptable” increase in capacity market prices.
California Natural Resources Agency
CEC Workshop to Focus on Impact of Pathways Initiative
The California Energy Commission will hold a workshop to discuss the West-Wide Governance Pathways Initiative, signaling the state may consider a proposal to alter CAISO’s governance structure to accommodate broader concerns about the ISO’s lack of independence from politics.
© RTO Insider LLC
PJM PC/TEAC Briefs: Jan. 7, 2025
PJM’s Andrew Gledhill presented a proposal to the Planning Committee to revise the installed reserve margin and forecast pool requirement for the third 2025/26 Incremental Auction.
PJM
PJM MIC Briefs: Jan. 8, 2025
PJM presented stakeholders with proposed manual revisions to implement a requirement that dual-fuel generators must offer schedules with both of their fuels into the energy market during the winter, as well as changes to the operational and seasonal testing for capacity resources.
© RTO Insider LLC
PJM Stakeholders Mixed on Uplift Proposal
PJM and its Monitor presented a joint proposal to rework the balancing operating reserve  credit structure to address a scenario they say results in generators receiving uplift payments despite not following dispatch orders.
CAISO
WEIM Q3 Prices Down Despite Increased Loads, CAISO DMM Finds
Prices in CAISO’s WEIM fell sharply in the third quarter of 2024 compared with a year earlier as declining gas costs outweighed the impact of increased summer loads, the DMM found.
© RTO Insider LLC
Benefits of Fast-start Pricing Questionable, CAISO DMM Says
Establishing a fast-start pricing mechanism in CAISO and the WEIM is complex and brings few benefits compared to other potential market enhancements, the ISO's Department of Market Monitoring said.
© RTO Insider LLC
OMS Stresses Need for Data Coordination Under Order 2222; MISO Extends DER Task Force
The Organization of MISO States advised MISO that it needs a central data-sharing platform for the participation of DER aggregators in its wholesale market.

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