Energy Market
Bureau of Land Management California
A new CAISO proposal seeks to address unwarranted BCR payments to storage resources, an issue that has stirred controversy over the last month.
© RTO Insider LLC
One thing has become abundantly clear after three intensive workshops this summer: there’s no blueprint for developing the stakeholder process for the “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
CAISO
CAISO’s own systems may have contributed to a set of “operational surprises” that forced it to declare a series of energy emergency alerts in July 2023, a member of the ISO’s Market Surveillance Committee said.
SPP
SPP’s Markets+ hit a snag after FERC issued a deficiency letter outlining 16 problems the RTO must address in the tariff it filed for the proposed Western day-ahead market in March.
Sandia National Laboratories
FERC accepted CAISO’s proposal to allow for storage resources to bid above the ISO’s $1,000/MWh soft offer cap in the real-time market to account for their intraday opportunity costs.
CAISO
CAISO’s Western Energy Imbalance Market provided its 22 participants with $365.04 million in economic benefits from April to June down 4% from the same period a year ago.
MISO
June brought a 2-GW lower peak than anticipated and unchanged real-time and fuel prices from last year, MISO said in a monthly operations report.
© RTO Insider LLC
The PJM MRC endorsed one of two proposals to revise how the RTO uses reserve resources, approving a deployment scheme where instructions are sent by basepoints, while rejecting a parallel proposal to grant operators the ability to dynamically increase market procurements.
© RTO Insider LLC
The new "RO" envisioned by the West-Wide Governance Pathways Initiative might be based near CAISO’s headquarters in Folsom, Calif., according to a straw proposal.
MISO
FERC said it needs more explanation behind MISO’s plan to use a capacity accreditation that would accredit resources based on a combination of their projected availability and historical performance during periods of high system risk.
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