Markets

Yes Energy
IESO Nodal Market Launch Successful
Ontario's IESO successfully launched its nodal market on May 1, reporting few glitches during its rollout.
© RTO Insider 
California Lawmakers Seek to Trump-proof Pathways Initiative Bill
New amendments to the proposed Pathways bill would include protections against possible attempts by President Donald Trump to influence California energy markets, such as pushing the state to buy coal-fired generation.
ERCOT
ERCOT’s TAC Endorses Congestion Management Plan
ERCOT stakeholders endorsed a protocol change that creates a process to compensate market participants when a constrained management plan or switching instruction trips a generator that otherwise would have stayed online.
© RTO Insider 
PJM MRC/MC Briefs: April 23, 2025
The PJM Markets and Reliability Committee endorsed a proposal to rework how resources are compensated for providing black start service the RTO says will provide more predictable revenues for participating market sellers.
© RTO Insider
After Hitting Milestones, Markets+ Participants Advance on Phase 2

Markets+ stakeholders will have little opportunity to ease up in coming months despite a wave of favorable developments for the market.

 
MISO
MISO Summer Capacity Prices Shoot to $666.50 in 2025/26 Auction
MISO’s 2025/26 capacity auction returned $666.50/MW-day prices across all zones in the summer, reinforcing the need for members to build new generation fast, the grid operator said.
Yes Energy
Ontario Introducing Nodal Market May 1
IESO is scheduled to launch its new nodal market May 1, a change it says will save Ontario $700 million over the next decade through reduced out-of-market payments and increased efficiency.
© RTO Insider 
California Lawmakers to Discuss Amendment Requests to Pathways Bill
TURN is finding some success in getting California state lawmakers to address the group’s concerns about what the Trump administration might do if the state moves forward with plans to hand over control of CAISO’s energy markets to an independent regional organization.
Xcel Energy
MISO Debuting Flag System to Curb Deviations from Dispatch
MISO said it will debut a new flag system within weeks to give stronger signals to generation owners when their units deviate from their dispatch instructions.
© RTO Insider
SPP MPEC Members Celebrate Markets+ Funding Order
FERC’s approval of SPP’s Markets+ funding agreement and its recovery mechanism came as backers of the Western centralized day-ahead market were meeting with the snow-capped Rockies as a backdrop.

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