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March 22, 2011
The California ISO has identified an "exploitation" of the existing bid cost recovery tariff rules which has caused load to overpay certain resources by $57 million, CAISO said in submitting tariff changes to prohibit the practice (ER11-3149).
March 18, 2011
In another order which will eventually raise retail electric rates, FERC mandated the use of a using a "one day in ten year" loss of load criterion in resource adequacy studies in the ReliabilityFirst region (RM10-10).
March 16, 2011
FERC issued an order yesterday directing that demand response providers be paid the full Locational Marginal Price when such payment is "cost effective" based on a net benefits test (RM10-17).
March 14, 2011
"I think there at least arguably have been some violation of our rules," PUCT Commissioner Kenneth Anderson said during Friday's open meeting in discussing an issue identified by ERCOT regarding de-energized resource nodes.
March 11, 2011
PJM's capacity markets are only competitive due to the application of market mitigation, the annual state of the markets report from PJM's Independent Market Monitor reiterated yesterday.
March 9, 2011
PJM has petitioned FERC for a limited waiver to allow a defaulting PJM Member, York Generation Company, L.L.C., the limited ability to participate in PJM's energy and capacity markets until York has satisfied its outstanding payment obligation to PJM pursuant to the terms and conditions of a payment…
March 7, 2011
PJM's Reliability Pricing Model, "may provide near-term value to system reliability, [but] these short term solutions will not provide for long-term SOS needs," Maryland PSC Chairman Douglas Nazarian said in testimony protesting proposed changes from PJM and the PJM Power Providers Group regarding…
March 4, 2011
FERC said yesterday that it will treat a joint statement from PJM and the Independent Market Monitor regarding the Guaranteed Load Drop (GLD) baseline methodology for measuring demand response, "as if it were never issued."
March 4, 2011
The PUCT has directed Staff to restart work on Project 37897, which was originally opened as a proceeding relating to resource and reserve adequacy and shortage pricing (see 1/20/10) .
February 28, 2011
ERCOT has filed an emergency petition with the PUCT to allow ERCOT to procure additional Emergency Interruptible Load Service (EILS) under a new contract period, and without the otherwise required 90 days notice, due to the exhaustion of allowable deployments of EILS resources in the current period…
February 18, 2011
FERC yesterday issued a Notice of Proposed Rulemaking (RM11-7) to establish uniform compensation for frequency regulation service in the jurisdictional RTOs, stating that faster-ramping resources may be under-compensated for their services.
February 18, 2011
FERC granted limited rehearing on its October RTO credit reforms order, eliminating the prior provision allowing corporate families to use up to $100 million in unsecured credit, while limiting other stakeholders to $50 million.
February 18, 2011
In another decision which will increase retail customers' electric bills, FERC has adopted changes to the calculation of the Peak Energy Rent strike price in ISO New England, which will essentially increase the capacity costs borne by load versus the current mechanism (ER11-2427).
February 16, 2011
PUCT Chairman Barry Smitherman, during a Texas Senate hearing on the rolling outages earlier this month, said that ERCOT's current market design sends the correct signals to plants to be online when needed most, so plants can take advantage of any potential scarcity pricing which results during…
February 14, 2011
PJM has filed its expected tariff changes at FERC to "reform" the capacity market Minimum Offer Price Rule so that it can be applied to protect $2 billion in capacity payments that is expected to be paid to generators absent action (or potential action) for new capacity to be built under long-term…
February 11, 2011
ERCOT issued the following clarifications on the previously reported approach to exclude the impact of last week's weather event from forward components of credit calculations.
February 10, 2011
The U.S. Court of Appeals for the District of Columbia Circuit denied an appeal brought by several load interests, collectively referred to as RPM Buyers, against a prior FERC order which dismissed the RPM Buyers' complaint against the transitional Reliability Pricing Model auctions ( 9/22/08 ).
February 9, 2011
ERCOT Reverts uth Percentile to Prior Level ERCOT is reverting the "uth" percentile used to determine exposure for Point-to-Point (PTP) Obligation Bids in the Day Ahead Market (DAM) to the 90th percentile starting with the DAM run on February 9, 2011, for Operating Day February 10, 2011. As…
February 8, 2011
North American Power to Expand Non-Profit Affinity Programs North American Power reported yesterday information related to its ".Org" affinity program for non-profits, in announcing its intent to grow the program. Non-profits participating in the affinity program enroll customers with North American…
February 4, 2011
ERCOT ended statewide emergency conditions yesterday, however, local generation and transmission issues in the Rio Grande Valley required rolling outages for that area for a brief period overnight, with ERCOT warning such outages could continue Friday morning.
February 3, 2011
Rolling outages in ERCOT ended at approximately 2:00 p.m. local time yesterday, but ERCOT is continuing to urge conservation, stating that any additional unexpected major losses of generation could force operators to begin emergency procedures to avoid an uncontrolled statewide blackout.
February 2, 2011
The PJM (P3) Power Providers Group filed a complaint at FERC regarding the current Minimum Offer Price rule in the PJM Reliability Pricing Model market, nakedly claiming it is no longer "just and reasonable" because capacity suppliers stand to lose up to $3 billion annually in easy money as New…
February 2, 2011
February 2, 2011 9:43 a.m. est
The Electric Reliability Council of Texas (ERCOT) has instructed utilities to begin rotating outages to compensate for a generation shortage due to numerous plant trips that occurred because of the extreme weather.
February 1, 2011
Christie Signs N.J. Capacity RFP Bill As expected, New Jersey Gov. Chris Christie signed into law S2381, which requires the Board of Public Utilities to acquire 2,000 MW of new capacity for the delivery year starting June 1, 2014 or June 1, 2015 ( see 1/11 for full discussion of the bill’s…
February 1, 2011
Retail customers in PJM took another hit yesterday as federal regulators continued to create market designs which will lead to higher capacity prices, this time in approving the main tenets behind two new carve-out demand response products in the Reliability Pricing Model (ER11-2288).
