Markets
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.
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.
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.
FERC approved a diminished settlement with Total Gas & Power North America in a lengthy case, as a recent Supreme Court decision has impacted its enforcement processes.
The Bonneville Power Administration tamped down expectations that it is all in on SPP’s Markets+, clarifying in a recent letter to lawmakers representing Oregon and Washington that it’s still weighing the pros and cons of joining a day-ahead market.
FERC authorized another penalty concerning demand response violations in the MISO capacity market, this time approving an $18 million settlement over Voltus reportedly falsifying registrations and overstating capacity from 2017 to 2021.
NYISO presented its final locational minimum installed capacity requirements for the 2025/26 capability year during the Installed Capacity Working Group’s first meeting of 2025.
PJM heads into 2025 with several proposals before FERC seeking to rework its capacity market and generator interconnection queue, while stakeholders work on an expedited Quadrennial Review of the market and changes to resource accreditation.
BPA remains on track to issue a decision on which day-ahead market to join by May 2025 despite calls to delay it until fall 2025 to give the agency more time to reconsider its leaning toward SPP’s Markets+.
NYISO’s early 2025 will likely be dominated by the Reliability Needs Assessment process again, but the year will also bring other issues.
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