locational marginal pricing (LMP)
MISO reported relatively lower costs and outages in August while it served its annual peak late in the month.
MISO energy prices plunged on record low natural gas prices in March while the RTO managed a comparatively lower, 68-GW average systemwide load.
February held no operational surprises, MISO reported in a monthly market review.
MISO presided over routine operations in June, with an average 81-GW load and diminished wholesale prices.
Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.
Tony Clark and Vince Duane question whether the single marginal price construct still works with the increase in low-cost intermittent resources.
Potomac Economics is recommending that NYISO take a comprehensive approach to lowering the costs of satisfying the grid’s needs and improving incentives.
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.
Rising natural gas prices and extreme weather pushed wholesale electricity prices higher in 2021, FERC said in its annual State of the Markets report.
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.
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