Energy Market
Stakeholders encouraged PJM to take a more active role in facilitating carbon pricing as more states look to join the Regional Greenhouse Gas Initiative.
Utility executives urged MISO to prepare for the imminent change sweeping the grid with the increased adoption of renewable and distributed resources.
FERC approved PJM’s proposed energy price formation revisions, agreeing with the RTO that its reserve market was not functioning as intended.
NYISO is seeing “historically low” load and prices, Senior Vice President of Market Structures Rana Mukerji told the Business Issues Committee.
ERCOT’s new long-term load forecast for COVID-19 scenarios indicates the Texas grid operator will continue to see a loss of demand into 2024.
MISO will not open its doors to stakeholders or visitors for the rest of the year as the coronavirus pandemic runs its course, the RTO said.
NYISO will face a myriad of challenges as New York decarbonizes its economy and the power sector transitions to zero-emissions generation.
PJM’s first-quarter energy prices fell to their lowest level since the RTO was created in 1999, according to the Monitor’s State of the Market report.
ISO-NE’s winter wholesale market costs totaled $1.8 billion, a 32% decrease from the previous winter because of lower energy and capacity costs.
The MIC will choose between a PJM proposal and one from the Monitor to resolve pricing and dispatch misalignment issues in the fast-start pricing plan.
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