Energy Market
PJM’s Market Implementation Committee passed by acclamation a PJM issue charge seeking to more thoroughly define how storage resources participate in the energy and ancillary service markets.
MISO membership called for modernized market rules for energy storage that can capture its chameleon-like roles.
New England experienced record high energy costs in the month of January amid cold weather, high gas prices and a heavy reliance on oil-fired generation.
CAISO leaders staged a virtual “town hall” to stress the importance of a smooth rollout to the ISO’s Extended Day-Ahead Market in May and promise to address market seams issues.
The West-Wide Governance Pathways Initiative’s Launch Committee asked CAISO to initiate a stakeholder process to create a funding mechanism for the newly incorporated organization that is slated to assume governance over the ISO’s energy markets.
As the West appears to move toward two separate day-ahead markets, data center developers like Google and clean energy companies are investing with the intent to mitigate seams and ensure operational consistency, panelists at an Advanced Energy United webinar said.
CAISO released its first mandatory report under the California assembly bill that paves the way for an independent regional organization to assume responsibility over the ISO’s energy markets.
Rising electricity prices in New York are driven by the increased cost of gas because of the ongoing Russia-Ukraine War and increased LNG exports, according to a recent policy paper by NYISO.
ERCOT says it leaned on Texas’ 15 mobile generating units and an RMR unit during the state’s first major cold-weather event since 2021’s disastrous Winter Storm Uri.
PJM presented manual revisions to clarify how resources are defined as offline for the purpose of determining whether they are eligible for lost opportunity cost credits.
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