Stakeholders in SPP’s Western Imbalance Service market unanimously approved its Feb. 1 launch, the last major milestone in a project that began in 2019.

PJM stakeholders endorsed the RTO’s package on updates to real-time value market rules that call for additional penalties for generation operators.

A report on the causes of California’s August blackouts contends that constrained transmission prevented much needed imports from reaching the state.

Observers cited dependence on imports, underperformance of natural gas and wind, and market manipulation as possible causes of California’s recent blackouts.

CAISO said millions of residents could be blacked out this week because it does not have enough power to meet demand during the heat wave.

FERC ordered PJM to begin billing up-to-congestion transactions for uplift, calling the RTO’s current rules unjust and unreasonable.

PJM has responded to the Market Monitor’s annual State of the Market Report, highlighting five different areas of focus out of hundreds of recommendations.

Participants in PJM’s markets must provide more financial records, corporate information and details of prior defaults under rules effective June 1.

PJM is moving forward with its plan to hire a consultant to conduct a review of the RTO’s auction revenue rights and financial transmission rights.

XO Energy has filed a new challenge to the way PJM and its Independent Market Monitor prevent gaming in the FTR market.