December 2, 2011
PJM Files Changes to RPM to Further Inflate Capacity Prices
PJM has filed several proposed tariff changes with FERC, the principal design of which are to increase capacity prices in the Reliability Pricing Model.
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December 1, 2011
ERCOT Forecasts 2012 Reserve Margin at 12%
ERCOT released its December capacity, demand and reserves report indicating that capacity is expected to fall below the target reserve margin beginning next summer.
December 1, 2011
ERCOT Adjusts Responsive Reserve Deployment Practice
On December 7, 2011, ERCOT will adjust the current Responsive Reserve Service (RRS) deployment practice, while still being in accordance with the ERCOT Protocols, ERCOT said in a market notice.
November 30, 2011
PJM Files Process to Review Market Participant Risk Management Policies
PJM has filed tariff changes with FERC to implement, as required by FERC, periodic audits of a market participant's risk management policies by PJMSettlement.
November 28, 2011
Briefly
PJM Reports Amount Load Overpaid in 2009-2011 due to Error
November 28, 2011
FERC Suspends CAISO Virtual Bidding Intertie Prohibition, Subject to Technical Conference
FERC accepted but suspended the California ISO's tariffs to eliminate convergence bidding at intertie locations, finding that the proposal may be unjust, unreasonable, unduly discriminatory, or preferential, and ordered a technical conference (ER11-4580).
November 22, 2011
ERCOT Draft Would Expand EILS to Include Distributed Generation
ERCOT has issued for comment draft amendments to P.U.C. Substantive Rule 25.507, which would, among other things, expand the current Emergency Interruptible Load Service (EILS) program to include distributed generation.
November 18, 2011
FERC Maintains Inflated Capacity Prices
FERC denied rehearing on all but several minor points regarding its prior decision to inflate capacity prices in PJM by $3 billion by accepting a revised Minimum Offer Price Rule (MOPR), which, among other things, removed the exemption from the MOPR for capacity sellers who were not net short on…
November 15, 2011
Load Overpays PJM Generators due to Software Error, Overpayments Extend Beyond Re-billing Limit
PJM has been over-paying Balancing Operating Reserve Lost Opportunity Cost credits to generators for an extended period of time which extends beyond the two-year limit for adjusting billing statements, it reported to FERC.
November 15, 2011
RESA Says Allocating Price Responsive Demand Credits to LSEs Ensures Accurate Capacity Procurement
PJM's proposal to limit the allocation of Price Responsive Demand credits to the load-serving entity which serves the load engaging in Price Responsive Demand is not anti-competitive or unjust and unreasonable, the Retail Energy Supply Association said in an answer at FERC (ER11-4628).
November 11, 2011
PUCT's Anderson Expands on Issues for Resource Adequacy and Shortage Pricing
PUCT Commissioner Kenneth Anderson has expanded on the "comprehensive and holistic" approach that should be taken to resolve the resource adequacy and shortage pricing issues in the ERCOT market which includes measures beyond simply the recent floors for Non-Spin Reserve Service (NSRS).
November 10, 2011
PJM Seeks Declaratory Order to Allocate Costs of ITC Phase Angle Regulators
PJM has sought a declaratory order from FERC to resolve uncertainty regarding how PJM should recover from its members the costs allocated to PJM by FERC for certain phase angle regulator (PAR) transmission facilities to be installed by International Transmission Company on ITC's transmission system…
November 10, 2011
ERCOT Files NPRRs to Mitigate Price Suppression During Reserve Deployments
ERCOT has filed several Nodal Protocol Revision Requests aimed at mitigating price suppression during the deployment of reserve services in order to more accurately reflect the value of the service.
November 9, 2011
TC Ravenswood Seeks FERC Preemption of N.Y. PSC Black-Start Order
TC Ravenswood has filed a complaint at FERC regarding the New York PSC's September order that generators are required to obtain the PSC's consent, pursuant to Public Service Law (PSL) §70, to discontinue blackstart service.
November 8, 2011
NYISO Seeks More Time for Local Capacity Market Power Mitigation Measures
The New York ISO has asked FERC for more time to develop additional market power mitigation measures that NYISO believes are required as part of implementing new local capacity zones, as directed by a recent FERC order.
November 7, 2011
FERC Requires Interim Measure in Approving PLC Methodology for PJM Capacity Demand Response Measurement
FERC accepted, subject to additional compliance filings and creation of an interim measure, PJM's proposal that, for a load reduction to be recognized as having satisfied its capacity commitment, the load reduction must result in a metered load that is less than the customer's Peak Load Contribution…
November 1, 2011
Pepco, Delmarva Seek Maryland PSC Order on Cost Allocation for Long-Term Contracts
Pepco and Delmarva Power have sought rehearing of the Maryland's PSC order issuing an RFP for 1,500 MW of new capacity, arguing that the Commission must address several threshold issues, including cost recovery, prior to issuing an RFP.
October 31, 2011
PUCT Staff Posts Calculation of ERCOT Installed Capacity
PUCT Staff have posted in Project 39870 an estimate of the installed generating capacity in ERCOT, including the estimated total used for the "small fish swim free" market power exemption under P.U.C Subst. R. 25.504(c).
October 31, 2011
Calpine: Choice in Texas Retail Market is "Long-Term" Issue Challenging ERCOT Build
In the latest and most brash example yet of the desire of competitive generation owners to restrict customer choice, Calpine COO Thad Hill said during an earnings call that retail choice in Texas puts negative pressure on new build in ERCOT, and lamented that there is no "serious dialogue" on this…
October 31, 2011
TXU Expects Higher Retail Pricing due to ERCOT Conditions
Wholesale prices in ERCOT have to recognize scarcity of generation assets, "and that will eventually flow through to the retail business," Energy Future Holdings CEO John Young said during an earnings call Friday.
October 28, 2011
Constellation Energy Considering Building New Peakers in ERCOT
The extreme summer in ERCOT has prompted Constellation Energy to consider the construction of new peaking generation, executives said on an earnings call.
October 27, 2011
PUCT Majority Agrees on New Non-Spin Price Floors for ERCOT
The PUCT agreed, by a 2-1 margin, to set new offer floors for Non-Spinning Reserve Service (NSRS).
October 25, 2011
EPSA Releases Principles for Organized Markets
EPSA yesterday released a set of policy principles for organized wholesale power markets .
October 24, 2011
Rochester Gas & Electric Files Modified Divestiture Plan
Responding to a New York PSC order (see 7/15) , Rochester Gas & Electric has submitted a modified auction plan to split the divestiture of its (and its affiliate Cayuga Energy's) gas-fired generation into separate auctions (07-M-0906).
October 21, 2011
FERC Adopts Final New Compensation Mechanism for Regulation Service
FERC yesterday adopted as final new rules for the compensation of regulation service in the jurisdictional RTOs, retaining a capacity payment and adding a performance-based payment (RM11-7).