Markets

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Government-proposed ‘Backstop’ Auction to Test PJM Stakeholder Process
PJM stakeholders kicked off discussions on creating a “backstop” auction to be held in September at the insistence of the Trump administration and the governors of the RTO’s 13 states.
MISO
MISO Enters Max Gen Emergency in Arctic Blast
MISO declared a maximum generation emergency for its Midwest region just after midnight on Jan. 24 as the northern portions of the footprint rode out double-digit negative temperatures.
NextEra Energy
FERC Directs ISO-NE to Cap Pay-for-Performance Balancing Ratio at 1.0
FERC partially granted a complaint by the New England Power Generators Association about the design of ISO-NE's Pay-for-Performance mechanism.
FERC
FERC Addresses PJM’s Ongoing RA Issues at Open Meeting
FERC addressed the ongoing resource adequacy challenges at PJM during its regular meeting, calling for the RTO to get reforms in front of it so they can be approved.
Gov. Mikie Sherrill via X
New N.J. Governor Rapidly Confronts Electricity Crisis
New Jersey Gov. Mikie Sherrill signed two sweeping executive orders that sought to control the state’s aggressively rising electricity rates through ratepayer credits and generation expansion.
JIRSA Hedrick
Colo. PUC Sticks with Approval of Markets+ for PSCo
Colorado regulators have declined to reconsider their decision finding that it would be in the public interest for Public Service Company of Colorado to join SPP’s Markets+.
NERC
Could the U.K.’s Cap-and-Floor Model Unlock Interregional Tx in the U.S.?
The United Kingdom has found success with a cap-and-floor model for transmission where interconnectors to other countries are guaranteed minimum revenues, but return earnings over the cap to customers.
PJM
Much Ado in PJM, but There is No Crisis
Despite the Trump administration and all 13 PJM governors proposing a host of new initiatives, the RTO falling short of its reliability requirement does not constitute a crisis, writes columnist Steve Huntoon.
© RTO Insider LLC
SPP’s MOPC Adds Conditional IC Process for Large Loads
SPP stakeholders have overwhelmingly endorsed a conditional interconnection process for large loads that will be paired with two other FERC-approved processes.
PJM
PJM MRC/MC Preview: Jan. 22, 2026
A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings.

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