Energy Market
NYISO
The Market Monitoring Unit said that even though all-in prices were slightly down, NYISO energy costs generally were up by 4 to 26% in most areas.
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Portland General Electric’s rate hikes largely stem from increased wholesale power market costs, the utility wrote after Sen. Ron Wyden voiced concern that Oregon customers are struggling to pay their electricity bills.
PSEG
NYISO stakeholders expressed skepticism of an ISO proposal to levy financial penalties against underperforming generators, saying it was not developed enough to be voted upon by the end of the year.
MISO
MISO experienced an October peak load of 84 GW, which was lower than its 99-GW peak during the same period in 2023.
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The Balancing Authority of Northern California became the third entity to formally join CAISO’s Extended Day-Ahead Market, following PacifiCorp and Portland General Electric.
Salt River Project
The joint announcement by APS, SRP, TEP and UniSource Energy marks a significant win for SPP after a string of victories for CAISO’s competing Extended Day-Ahead Market.
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The PJM Markets and Reliability Committee voted to endorse a proposal to create an expedited process to study some interconnection requests.
Oklahoma Municipal Power Authority
FERC rejected SPP’s proposed tariff revisions to implement a multiday economic commitment process, agreeing with the MMU that it introduces a potential gaming opportunity.
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The Pathways Initiative drew praise from many quarters with the vote to approve its “Step 2” proposal, but it was quickly apparent the development will do little to sway Markets+ supporters.
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The West-Wide Governance Pathways Initiative received a significant financial boost when DOE awarded nearly $1 million to underwrite its efforts to establish a Western “regional organization” to oversee CAISO’s WEIM and EDAM.
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