Energy Market
The pandemic was such an unprecedented shock to the system that PJM is trying to stop its near-term load forecasting algorithm from using it in modeling.
The tamest winter in recent memory brought no emergencies for MISO, though the RTO’s South region was the subject of three weather-related alerts.
MISO’s weekday loads are looking more like weekends as social distancing measures to lessen COVID-19 cases take hold in more states in the footprint.
SPP‘s Western Energy Imbalance Service executive committee stood up the working group responsible for developing and maintaining the market’s protocols.
The NYISO Business Issues Committee approved Tariff changes on energy storage and load forecast revisions to account for behind-the-meter net generation.
The average load-weighted, real-time LMP in PJM was $27.32/MWh last year, a 28.6% decrease from 2018 and the lowest in the RTO’s 21-year history.
PJM is “confident” it will meet FERC’s deadline for resolving pricing and dispatch misalignment issues in its fast-start pricing proposal.
Four Colorado utilities decided to join CAISO’s Energy Imbalance Market instead of SPP’s Western Energy Imbalance Service because of the economic benefits.
ISO-NE is wrapping up its Energy Security Improvements initiative ahead of a FERC deadline, stakeholders learned during a NEPOOL Markets Committee meeting.
MISO’s proposal to bring solar resources under its umbrella of dispatchable intermittent resources prompted a deficiency letter from FERC.
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