November 18, 2016
FERC Approves $2,000/MWh Hard Offer Cap Which May Set LMPs In All RTOs, Effective (Essentially) Immediately
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…