fast-start pricing
An SPP executive closely involved with developing Markets+ said recent Brattle Group studies on Western day-ahead markets appear to be aimed more at swaying utilities in favor of CAISO’s EDAM than providing an unbiased assessment.
The study comparing key features of CAISO’s EDAM and SPP’s Markets+ contains “several material misstatements of facts” and overlooks evidence “directly contrary to its conclusions,” Powerex contends.
The white paper by The Brattle Group offers a point-by-point comparison of CAISO’s Extended Day-Ahead Market and SPP’s Markets+ that leans in favor of EDAM but stops short of endorsing either market.
The next phase of the Price Formation Enhancements Initiative will look to address issues around market power mitigation, scarcity pricing and fast-start pricing.
Enhanced protections against uncompetitive market behavior are among several tools to ensure fair and accurate pricing under a Markets+ framework, according to the latest "issue alert" from entities that back its development.
Fast-start pricing could fix certain “price anomalies” in CAISO markets more effectively than existing mechanisms for compensating ramping resources, the WEIM Governing Body’s market expert told the group.
NYISO CEO Rich Dewey highlighted efficiency improvements and the challenges of the continued electrification at the Jan. 31 MC meeting.
NYISO's Business Issues Committee voted in favor of proposed tariff revisions that would provide all fast-start resources with their physical schedules for the day-ahead market.
The phenomenon known as the duck curve is becoming increasingly common in New England, a sign that the solar energy is growing rapidly in the region.
PJM's year was punctuated by changes in the capacity market as votes by stakeholders led to the implementation of the RTO’s narrowed MOPR.
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