Energy Market
FERC did not act on PJM’s proposed changes to its shortage pricing, so revisions for how to handle transient shortages will go into effect May 11.
The warmest winter on record, plus increased pipeline capacity, led to record-low natural gas prices, FERC said in its annual State of the Markets Report.
MISO’s IMM is recommending the RTO expand mitigation measures on constrained areas by creating a new definition aimed at periods of temporary congestion.
The MISO IMM says the RTO isn’t going far enough in proposing changes to comply with FERC’s offer cap rules, like increasing the max value of lost load.
A spike in natural gas prices pushed LMPs up in both NYISO and ISO-NE in March, though analysts say the rise may be short-lived.
California officials are reconsidering retail choice, two decades after a deregulation drive that faltered in the Western Energy Crisis of 2000/01.
At last week's ERCOT Board of Directors meeting, CEO Bill Magness highlighted the ISO's growing wind resources and the challenges they pose to reliability.
CAISO management is proposing to amend the EIM charter to explicitly provide the market’s Governing Body with a voice in any future governance changes.
The NYISO Management Committee voted to recommend rewording the ISO’s coordination agreement with ISO-NE on emergency energy transaction charges.
PJM should explain its daily operating decisions in more detail so market participants can better understand price formation and how markets are formed.
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