Reserves
The PJM Markets and Reliability Committee will consider proposed revisions to Manual 12 and Manual 13, along with several other agenda items.
PJM’s Market Implementation Committee endorsed by acclamation a proposal to revise two financial inputs to the quadrennial review to reflect changing market conditions, particularly increased interest rates.
MISO’s Independent Market Monitor debuted six new market recommendations this year as part of his annual State of the Market report.
PJM’s Markets and Reliability Committee endorsed a proposal to align the day-ahead energy market commitment cycle with the daily gas nomination deadlines.
PJM presented its Operating Committee with a set of revisions to Manual 12 regarding fuel assurance requirements for black start resources.
ERCOT stakeholders plumbed the depths of Robert’s Rules of Order and amended motions before endorsing a rule change that allows the grid operator to manually release contingency reserve service from economically dispatched resources after repeated violations of the system power balance constraint.
The Reserve Certainty Senior Task Force is considering proposals from PJM and the Independent Market Monitor aimed at improving the performance of reserve resources by increasing electronic signaling and providing more flexibility around reserve procurement targets.
Average load-weighted electricity prices in PJM fell by around half in 2023, the Independent Market Monitor said in its annual State of the Market Report.
The Gulf Coast Power Association's 10th annual MISO-SPP Forum centered its focus on the energy transition before a record crowd in New Orleans.
FERC approved ISO-NE’s proposal to create a day-ahead ancillary services market and retire the current Forward Reserve Market, effective March 1, 2025.
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