Markets
RWE
CAISO is proposing to raise the soft offer cap in its market from $1,000/MWh to $2,000 to accommodate the bidding needs of battery storage and hydro resources in time for operations this summer.
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There’s no going back on waning capacity in MISO, panelists agreed at a gathering of state regulators, though predictions of escalating load growth have some skeptical.
DOE
FERC granted Nevada Power an exemption simplifying the NV Energy subsidiary’s filing of its triennial updated market power analysis.
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The Members Committee voted to re-elect three members of the PJM Board of Managers, even though several advocates voted against the re-elections to express their frustration.
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BPA’s choice of a day-ahead market will not be driven by concerns about the impact of the seams that would divide the two markets proposed for the West, an agency official made clear.
PJM
FERC partially reversed a 2023 order allowing PJM to modify a parameter for the 2024/25 Base Residual Auction to avoid a substantial increase in capacity prices in the DPL South transmission zone.
JERA
ISO-NE’s proposed resource capacity accreditation updates would result in an estimated 11% increase in capacity market revenues, the RTO told the NEPOOL Markets Committee.
Western Powerpool
Members of a key WRAP stakeholder group have expressed support for the recent move by participants to delay the program’s “binding” penalty phase by one year, to summer 2027.
Ameren
Ameren executives have reassured shareholders that Missouri’s capacity shortfall beginning this summer is no cause for panic.
Shutterstock
FERC granted NYISO’s waiver request to update its installed capacity requirement for New York City in the 2024/25 capability year, which began May 1.
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