Independent Market Monitor (IMM)
MISO revealed it will crack down on demand response testing requirements ahead of its spring capacity auction, while some stakeholders argued the stepped-up measures amount to a change that requires FERC approval.
PJM’s Andrew Gledhill presented a proposal to the Planning Committee to revise the installed reserve margin and forecast pool requirement for the third 2025/26 Incremental Auction.
PJM and its Monitor presented a joint proposal to rework the balancing operating reserve credit structure to address a scenario they say results in generators receiving uplift payments despite not following dispatch orders.
PJM's Adam Keech told the Market Implementation Committee the RTO plans to file governing document revisions with FERC to expand the requirement that resources must offer into the capacity market to also apply to all resources holding capacity interconnection rights.
FERC ordered Ketchup Caddy and its owner to pay $27 million in penalties for dishonestly offering demand response services in MISO’s capacity market from 2019 to 2021.
MISO expects to roll out a new flag system by June 2025 to give a stronger indication when generation owners are deviating from dispatch instructions.
MISO this year said it generally agrees with the six new market recommendations brought forward in its Independent Market Monitor’s annual State of the Market report and is actively working on one of them.
MISO Independent Market Monitor David Patton has made a final stand against the RTO’s $21.8 billion long-range transmission plan, while members are advising the MISO Board of Directors that the IMM's opinions on transmission shouldn't hold water.
Panels during the OPSI Annual Meeting discussed the 2025/26 capacity auction yielding an eightfold jump in prices, as well as possible changes to the subsequent auction.
The PJM Board of Managers and Monitoring Analytics are seeking a resolution by the end of next month to negotiations on the company’s contract to serve as Independent Market Monitor.
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