MISO said it has concluded that a short-term capacity reserve product would be cost-effective and beneficial to reliability.

The PJM Board of Managers directed staff to identify changes to improve reserve market pricing that can be implemented for next winter.

As part of its bankruptcy filing, FirstEnergy Solutions has requested the authority to end its long-held “sponsorship” of the Ohio Valley Energy Corp (OVEC).

NYISO power prices averaged $29.91/MWh in March, down from $33.83 in February, and $34.97 the same month a year ago.

PJM told Market Implementation Committee meeting attendees that it plans to salvage some of its proposal to revise its regulation market that FERC rejected.

FERC approved SPP’s proposed Tariff revisions to eliminate a gaming opportunity related to regulation deployment adjustments.

FERC said that a preliminary investigation indicates that PSEG committed multiple violations of PJM market-bidding rules and made “false and misleading statements” to RTO staff.

Idaho Power and Powerex began transacting in the EIM, bringing to eight the number of members participating in CAISO’s regional real-time market.

Peak Reliability and PJM Connext are refining their pitch to convince potential participants to join their proposed Western energy market.

The dedicated MISO market platform replacement team will work this year to ensure the existing system can stay afloat during the time it will take to build the new one.