CAISO last year paid out $47 million more to congestion revenue rights (CRR) holders than it took in from its auctions, the ISO’s IMM has found.

PJM officials briefed the Market Implementation Committee on the implications of FERC's lack of quorum.

FERC rejected rehearing requests on the PJM financial transmission rights (FTR) market in time for implementation of changes in the 2017 ARR allocation.

FERC rejected the PJM proposal for revising how it implements its FTR forfeiture rule, ordering the RTO to instead adopt an approach suggested by the IMM.

The CAISO decision to possibly prioritize reforms to its congestion revenue rights auctions in 2017 has provoked mixed reactions from stakeholders.

A proposed revision to credit requirements for financial transmission rights participants received significant stakeholder debate before the PJM MRC.

MISO has canceled plans for a mechanism to track the reasons behind commitment decisions because of a lack of stakeholder interest.

Stakeholders working on the SPP Z2 crediting process met here last week to learn about how potential solutions might affect the RTO’s other functions.

The CAISO internal Market Monitor reported that the program for auctioning off congestion revenue rights suffers from inherent design flaws.

After months of debate, PJM’s Manual 15 revisions on fuel-cost policies and hourly offers won the approval of the Market Implementation Committee.