shortage pricing
PJM canceled maintenance outages under Capacity Performance rules, stakeholders learned at last week's Markets and Reliability Committee & Members Committee meetings.
RTOs will be required to align their settlement and dispatch intervals under new price formation rules approved by FERC.
A summary of issues discussed at the MISO Markets Subcommittee on Oct. 27, including changes to shortage pricing rules, the RTO's settlement with SPP and FERC in the midst of Congressional partisan deadlock.
FERC staff will hold workshops beginning this fall to consider rule changes regarding uplift, price caps and other issues affecting price formation in PJM and other RTOs.
The PJM MRC approved agenda items 2, 4 and 5 unanimously Thursday, August 29, 2013. See story for issue, reason for changes, and impact.
The Markets and Reliability Committee Thursday approved changes to Manuals 11 and 14D, while the Members Committee approved changes to Manual 15.
Reserve market prices in eastern PJM are likely to drop in June as PJM implements a new model for calculating interface transfer capabilities.
Adam Keech, P...
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