Energy Market
FERC rejected a rehearing request on its approval of Commonwealth Edison’s wholesale distribution charge on an energy storage facility.
MISO Market Monitor David Patton called for tighter rules on wayward generators, more precise real-time pricing and a fix for Financial Transmission Rights funding shortfalls.
FERC approved PJM's Capacity Performance proposal, a dramatic restructuring of the RTO's capacity market.
Increased use of renewable energy will depress energy prices, increase capacity prices and lead to early retirement of baseload plants, according to ISO-NE.
FERC rejected requests by two PJM generators seeking the recovery of “stranded” natural gas costs incurred during the polar vortex last year.
ISO-NE's power prices dropped by more than 40% in the first quarter of 2015 thanks to lower natural gas costs, the Internal Market Monitor reported.
Former FERC Chairman Jon Wellinghoff improperly shared non-public deposition testimony from a commission investigation at an energy conference in March, according to a report by the Department of Energy's Inspector General.
FERC was the subject of intense criticism Wednesday and Thursday as members of a congressional subcommittee considered legislation to rein in the agency’s Office of Enforcement.
PJM and the Monitor are considering the changes to reduce uplift and gaming opportunities and allow quicker solving of the day-ahead energy market.
New York regulators on Wednesday declined for the third time to renegotiate a contract with a financially troubled biomass generation plant.
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