February 24, 2025

locational marginal pricing (LMP)

PJM Markets and Reliability and Members Committees Briefs
PJM canceled maintenance outages under Capacity Performance rules, stakeholders learned at last week's Markets and Reliability Committee & Members Committee meetings.
MISO Market Subcommittee Briefs
At the Market Subcommittee, MISO announced that next month they'll implement two new offer floors for emergency pricing to alleviate “price depression.”
PJM LMPs Drop 47% in 1st Quarter
The Independent Market Monitor reported that PJM had lower LMPs, fuel prices and demand in the first quarter in its quarterly State of the Market report.
FERC Transmission Metrics Report IDs Potential Underinvestment
According to FERC's first transmission metrics report, all of the organized markets under FERC jurisdiction have regions showing signs of transmission underinvestment.
SPP Wins OK for Late Billing Changes
FERC granted Southwest Power Pool's (SPP) request to resettle past bills outside of the 365-day limit in its Tariff.
FERC: Cheap Gas Drove down Electricity Prices in 2015
On-peak day-ahead electricity prices in the U.S. were down 27 to 35% in 2015 due to cheap natural gas, FERC staff said in its State of the Markets report.
FERC Won’t Revisit Demand Response Pricing
FERC won’t be revisiting the demand response compensation rules under Order 745, commissioners said at the NARUC winter meetings.
MISO Monitor: Extended LMP Changes Minimal Thus Far
The MISO board’s Markets Committee met at Potomac Economics headquarters in Fairfax, Va., to review the Market Monitor’s quarterly metrics report and its monitoring procedures.
PJM Stakeholders Struggle for Consensus on Offer Cap
PJM stakeholders will continue to debate changing the $1,000/MWh energy offer cap at a special four-hour Markets and Reliability Committee meeting called for Sept. 9.
PJM Markets and Reliability Committee Briefs
A summary of measures approved by the PJM Markets and Reliability Committee on Aug. 27, 2015.

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