Independent Market Monitor (IMM)

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MISO Board Meets Amid RA Concerns, Emergency Alerts
MISO’s board of directors gathering covered concern over slipping capacity reserves as heat blistered the footprint and forced emergency preparations.
PJM
PJM Responds to Market Monitor Recommendations
PJM responded to its Market Monitor’s latest recommendations, noting that many of the issues are in the scope of current stakeholder discussions.
Potomac Economics
IMM: ERCOT Conservative Operations ‘Not Compatible’ with Energy-Only Market
In its State of the Market report, ERCOT's Market Monitor said the grid operator's conservative operations approach undermines the energy-only market’s design.
MISO
Midwest Capacity Shortage Leads to Must-offer Talk
MISO’s capacity auction shortfall has nearly doubled its probability of load shedding in its Midwest region, prompting discussion of must-offer requirements.
PJM
PJM Monitor: LMP Rose to Near Record in Q1
Energy prices in PJM increased by 75.5% in the first quarter of 2022 from a year ago, the Market Monitor reported, driven primarily by higher fuel costs.
©RTO Insider LLC
MISO Says System Volatility Here to Stay
At a quarterly review of markets, MISO said an increasingly precarious load-supply balance is here to stay.
Monitoring Analytics
PJM Monitor: Prices, Coal Power Bounced Back in 2021
PJM energy prices last year surged to their highest levels since 2014, more than making up for declines from the pandemic-driven economic downturn in 2020.
PJM
IMM Report: PJM Capacity Auction Results not Competitive
The results of PJM’s 2022/23 Base Residual Auction were not competitive, according to a report released last week by the RTO’s Independent Market Monitor.
ISO-NE
NE Stakeholders Propose Retirement, Financial Assurance Changes
The NEPOOL Markets Committee will vote in January on two proposals to modify ISO-NE’s generator retirement rules.
Missouri State Representative Jim Murphy
MISO Raises ORDC’s Lowest Level to $1,100/MWh
MISO will jettison the most inexpensive step of its operating reserve demand curve, explaining that $200/MWh pricing is too low during shortage conditions.

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