November 24, 2024

RTO credit policy

ISO-NE
FERC Accepts All 6 ISO/RTO Order 895 Compliance Filings
FERC approved all the jurisdictional ISO/RTO compliance filings with Order 895, which established rules for sharing credit information among the organized markets.
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MISO Convening Task Team to Shore Up Credit Policy
MISO said it will debut a task team dedicated to improving its credit policy as market participants experience more price volatility in the market and default risk grows.
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ERCOT Stakeholders Endorse Staff’s Bridge to PCM
ERCOT stakeholders have thrown their support behind staff’s recommended changes to the ORDC that will serve as a bridge to regulators' proposed market design.
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PJM: Elliott Nonperformance Penalties Total More Than $1.8B
PJM has assessed more than $1.8 billion in performance penalties on generators that underperformed during the December 2022 winter storm, the RTO said.
ERCOT
ERCOT Board of Directors Briefs: Oct. 18, 2022
ERCOT has approved a pilot project where Texas energy providers can aggregate their customers’ small DERs and sell the extra energy back to the grid.
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PJM Markets and Reliability Committee Briefs: Aug. 24, 2022
Load interests continued to oppose PJM’s proposal to change the market seller offer cap, a month after it failed to meet the two-thirds endorsement threshold.
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Correction: ERCOT Board Eliminated Unsecured Credit
ERCOT’s Board of Directors approved a protocol change that eliminated unsecured credit.
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ERCOT Board of Directors Briefs: Aug. 16, 2022
ERCOT’s Board of Directors unanimously approved a nodal protocol revision request that will lower unsecured credit limits from $50 million to $30 million.
PJM
FERC Orders ‘Paper’ Hearing on PJM FTR Collateral Dispute
FERC wants more information to determine whether it should require a 99% confidence level in setting collateral for FTR traders or the 97% level PJM sought.
NYISO
NYISO Management Committee Briefs: July 27, 2022
The New York grid performed well in the summer’s 1st heat wave July 20-24, NYISO vice president of operations Aaron Markham told the NYISO Management Committee.

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