Energy Market
A round-up of news from the PJM Markets Committee on May 21, 2015.
With its reliance on demand response and behind-the-meter generation increasing amid generator retirements, MISO plans to update the way it sets prices during emergency resource offers.
PJM Market Monitor Joe Bowring had a lively debate with one of the consultants for Powhatan Energy over the “duty” of market participants to self-police against market manipulation.
PJM and the Monitor are considering the changes to reduce uplift and gaming opportunities and allow quicker solving of the day-ahead energy market.
FERC denied an application by Northern States Power to terminate its mandatory purchase obligation from Twin Cities Hydro.
PJM also released its response to the Monitor's annual State of the Market Report for last year, as well as its own Annual Report.
Robert Ethier has a dream: A day when ISO-NE no longer needs constant stakeholder meetings to tweak its market rules.
Electric retailers have made progress in moving away from the cutthroat price competition that shaved margins, but restrictions on billing and metering continue to be challenges.
SPP officials and market participants last week celebrated the first year of its Integrated Marketplace, boasting of its on-time, under-budget delivery.
PJM made it through the winter without having to invoke a temporary cost-based energy offer cap of $1,800/MWh, the Independent Market Monitor reported.
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