November 13, 2024

cost of new entry (CONE)

PJM
No Consensus on PJM Capacity Parameters
PJM members failed to find consensus on any of four proposed sets of capacity auction parameters, with the RTO’s proposal falling short of the necessary votes.
Potomac Economics
MISO Warming to Patton’s Sloped Demand Curve
MISO's board may be coming around to the idea of using a sloped demand curve to price capacity as the RTO confronts the possibility of resource shortages.
© RTO Insider LLC
FERC Accepts PJM Historical E&AS Offset Compliance
FERC accepted PJM’s compliance filing restoring the historical energy and ancillary services revenue offset used in the RTO’s capacity market.
Clean Energy Group
NEPOOL Markets Committee Briefs: May 10, 2022
The NEPOOL MC discussed changes to the frequency of FCM parameter recalculations, the continuous storage facility model and cybersecurity reporting.
Consumers Energy
MISO Officials Explain 2022/23 Capacity Auction Mechanics
MISO officials answered questions about the capacity shortfalls and expensive prices in the 2022/23 auction while stakeholders asked for more supply data.
MISO
MISO’s 2022/23 Capacity Auction Lays Bare Shortfalls in Midwest
MISO’s 2022/23 capacity auction saw all its Midwest zones clearing at the nearly $240/MW-day cost of new entry, signaling a need for additional generation.
The Brattle Group
FERC Rejects PJM 10% Capacity Market Adder
FERC ordered PJM to remove the 10% cost adder for the reference resource used to establish the VRR curve in the RTO’s capacity market.
PJM
FERC Reverses Itself on PJM Reserve Market Changes
PJM's upcoming 2023/24 BRA is set to be delayed again after FERC partially reversed its 2020 decision on the RTO’s energy price formation revisions.
Xcel Energy
Last-minute Unease over MISO’s Seasonal Accreditation
Many stakeholders are uneasy with MISO's plan for a seasonal capacity accreditation based on a generating unit’s past performance during tight conditions.
© RTO Insider LLC
FERC Denies Rehearing of ISO-NE Capacity Market Values
FERC denied a rehearing request by EPSA and NEPGA related to the recalculated values used in ISO-NE’s Forward Capacity Market.

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