Markets

Entergy
FERC OKs MISO Settlement Rules for Widespread Tx Outages

FERC ruled that MISO can apply new settlement practices to generators physically disconnected from the grid during extensive transmission outages triggered by extreme events.

West-Wide Governance Pathways Initiative
Pathways Backers Advance WEIM/EDAM Governance Proposal
Backers of the West-Wide Governance Pathways Initiative will move quickly on a proposal to alter the governance of CAISO’s Western EIM and EDAM after voting to approve the plan.
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Monitor Alleges EE Resources Ineligible to Participate in PJM Capacity Market
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.
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MISO Pursuing More Dynamic Regulation Reserves
MISO said a riskier operating environment means it needs a more nuanced approach to its regulation reserve requirements.
Business Wire
NV Energy Confirms Intent to Join CAISO’s EDAM

NV Energy intends to join CAISO’s Extended Day-Ahead Market, an official with the utility said, notching a major win for the ISO in its competition with SPP’s Markets+ day-ahead offering in the West.

Clean Energy States Alliance
Panel Provides Update on Energy Storage in Mass.
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.
NV Energy
NV Energy to Join CAISO’s Extended Day-Ahead Market
NV Energy plans to make its intention to join the CAISO EDAM public on May 31 when it files an integrated resource plan with the Public Utilities Commission of Nevada.
Terra-Gen
CAISO, WEIM Boards Approve Proposal to Raise Offer Cap
CAISO’s Board of Governors and WEIM Governing Body unanimously voted to approve an expedited proposal to increase the ISO’s soft offer cap from $1,000/MWh to $2,000.
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PJM MRC Briefs: May 22, 2024

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.

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ERCOT Technical Advisory Committee Briefs: May 22, 2024
ERCOT stakeholders plumbed the depths of Robert’s Rules of Order and amended motions before endorsing a rule change that allows the grid operator to manually release contingency reserve service from economically dispatched resources after repeated violations of the system power balance constraint. 

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