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Wholesale & Markets

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Texas PUC To Drop Proposed Use of ERS Resources For Local Relief In Final Rule

Anderson Says Distributed Generation Needs To Be Integrated in ERCOT SCED, Says DG Should Receive LMP Anderson Suggests Study Finds Multi-Interval SCED Not Cost-Effective, Says Commission Should Turn Attention To Co-optimization in ERCOT

During an open meeting yesterday, Texas PUC Commissioners agreed that a final order revising the Emergency Response Service (ERS) rule should omit language that would allow ERS resources to be used to relieve local transmission congestion or emergencies, with Commissioner Kenneth Anderson stating…

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Over Objection of Retail Suppliers, FERC Grants Complaint To Immediately Reduce Capacity Market Clawback (Peak Energy Rent) In New England

RESA Had Said Such Immediate PER Modification Would Harm Retail Suppliers, Negatively Impact Fixed Price Agreements

FERC granted in part a complaint filed by generators and found that ISO New England's Peak Energy Rent (PER) mechanism, which is a form of capacity market revenue clawback paid to load, is no longer just and reasonable. FERC ordered immediate changes to the PER strike price

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FERC Seeks To Allocate Uplift To Market Participants Who Are "Reasonably Expected" To Have Caused Uplift

Costs To Be Allocated To Entities Which Deviate From Their Day-Ahead Market Schedules

The Federal Energy Regulatory Commission in a NOPR is proposing to revise its regulations to require that each regional transmission organization (RTO) and independent system operator (ISO) that currently allocates the costs of real-time uplift due to deviations shall allocate such real-time uplift…

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Demand Response Alliance Says New Reports Show Moving To 100% Capacity Performance In PJM Will Waste Billions Of Consumer Dollars Without Benefit (Files FERC Complaint)

PJM Report: 99.9% of PJM Resource Adequacy Risk Is In Summer Alliance: Basing LSEs' Capacity Costs On Summer Peaks Forces Customers To Subsidize Generators' Winter Outages

Citing new analyses prepared by PJM, the Advanced Energy Management Alliance said that the transition to a 100% capacity performance procurement as scheduled in the May 2017 PJM Base Residual Auction is not just and reasonable, as the Alliance filed a complaint at FERC requesting that FERC order…

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FERC Approves $2,000/MWh Hard Offer Cap Which May Set LMPs In All RTOs, Effective (Essentially) Immediately

Uplift Allowed For Costs in Excess of $2,000/MWh FERC Acknowledges Difficulties in Verifying Costs Above $1,000, Subjects Load To Them Anyway

FERC has adopted a hard cap of $2,000/MWh for the energy markets in all the FERC-jurisdictional RTOs, with offers up to $2,000/MWh permitted to set LMP, and offers in excess of $2,000/MWh also permitted but with offers in excess of $2,000/MWh not setting LMP and addressed instead through make-whole…

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Direct Energy: PJM Capacity Performance "Aggregation" Proposal Flawed, Elimination of Base Capacity Could Raise Capacity Costs By Billions

Cites PJM's Embrace of More Costly "Annual" Resources Which Had Forced Outages During Polar Vortex

John Schultz, President of Direct Energy Business, LLC, wrote in a letter to the PJM Board of Managers that PJM's decision to adopt an "aggregation" proposal to address concerns about demand response's ability to participate in the 2020-21 capacity auction (which will only procure capacity…

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Wholesale & Markets News (Page 34) | EnergyChoiceMatters.com