Energy Market
The Western Energy Imbalance Market saw financial benefits soar to a record $71.2 million in the second quarter, according to a CAISO report.
MISO’s proposal to put time limits on its alternative dispute resolution process with RTO members is still missing key details, FERC said Monday.
FERC approved a civil penalty against Entergy for failing to inform ISO-NE of the inability of its gas-fired generator to meet capacity obligations.
PJM’s effort to include variable operations and maintenance costs in energy market cost-based offers appears to be on its way to FERC.
ERCOT stakeholders and staff discussed alternatives to market price investigation announcements, following a market notice during the recent heatwave.
MISO issued two maximum generation alerts and conservative operations declarations because of severe weather in June and a heatwave in July.
MISO’s Market Subcommittee will re-examine whether it should compensate resources for energy delivered during a system restoration event.
PJM rolled out a proposal to procure reserves on a more granular level, a move the RTO hopes will shift more generator revenues back into the energy market.
ERCOT set new all-time systemwide peak demand records July 18, reaching 72.2 GW between 4 and 5 p.m.
Peak Reliability said that it will wind down its role as a Reliability Coordinator and end its joint venture with PJM to form a western electricity market.
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