operating reserve demand curve (ORDC)
PJM highlighted the release of the second phase of its multiyear study to examine the impacts of a system with more renewable energy at its Annual Meeting.
PJM presented an updated proposal addressing start-up cost offer development to the MIC after being sent back to a subcommittee for more work.
ERCOT’s Board of Directors left the ISO's top stakeholder committee in limbo this week as it continues to debate governance and stakeholder coordination.
FERC clarified that its order on remand partially reversing PJM’s proposed energy price formation revisions did not remove the RTO’s reserve price caps.
ERCOT market participants again expressed their concerns with potential changes to the stakeholder process following discussions during board meetings.
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.
MISO will jettison the most inexpensive step of its operating reserve demand curve, explaining that $200/MWh pricing is too low during shortage conditions.
Texas regulators have settled on a two-phase blueprint to redesign the ERCOT market and have given stakeholders until Friday to comment on their proposals.
Texas regulators have reached consensus on lowering ERCOT's high systemwide offer cap to $5,000/MWh from $9,000/MWh, a 44% reduction.
The PJM MRC and MC approved several initiatives at their meetings, including a new task force to examine the alignment of the gas and electric markets.
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