Ontario’s nodal market is showing promise one month after its launch, with improved price certainty, increased day-ahead trading and LMPs reflecting expected congestion patterns, IESO officials say.

Many stakeholders are now supporting CAISO’s proposed new method for allocating congestion revenues in EDAM after months of workshops and multiple proposals.

The panel of SPP board members overseeing the development of Markets+ has approved the governance transition plan for the construction phase of the day-ahead market. 

The West-Wide Governance Pathways Initiative’s Launch Committee estimates it will cost about $7.1 million to launch the independent regional organization that eventually will oversee energy markets in the West.

FERC will hold a two-day technical conference June 4-5, where it will look at resource adequacy issues in the ISO/RTO markets, with most of the focus on those with capacity markets.

The PJM Markets and Reliability Committee endorsed a proposal intended to add transparency to the RTO’s effective load-carrying capability process.

A California bill to implement the West Wide Governance Pathways Initiative’s Step 2 proposal is headed to the floor of the state Senate after being approved by the body’s Appropriations Committee.