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FERC Grants MISO Waiver Of Offer Cap During Winter

FERC granted the Midcontinent Independent System Operator, Inc. (MISO) a limited waiver of sections 39.2.5 and 40.2.5 of its Open Access Transmission, Energy and Operating Reserve Markets Tariff (Tariff), which establish a $1,000/MWh Energy Offer Price Cap (offer cap) on incremental energy offers in…

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Draft Brattle Report: Current ERCOT Market Design Will Support "More Than Sufficient" Reserve Margins From An Economic Perspective

Draft Finds Economically Optimal Reserve Margin To Be 9.0% Draft Finds Market Equilibrium Reserve Margin As 10.25%

The Electric Reliability Council of Texas, Inc. filed with the Texas PUC a draft report titled "Estimation of the Market Equilibrium and Economically Optimal Reserve Margins for the ERCOT Region." The report estimates the Market Equilibrium Reserve Margin (MERM) and Economically Optimal Reserve…

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Luminant To Close Power Plant

Luminant, a subsidiary of Vistra Energy, today announced that it filed a notice of suspension of operations with PJM and other mandatory regulatory notifications related to the retirement of its 51-megawatt waste coal facility, Northeastern Power Company, in McAdoo, Pennsylvania, "due to its…

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Texas PUC Staff Says Commission May Wish To Examine Retail Mass Transition Issues, Collateral As Part Of Summer 2018 Review

Starts Review By Proposing Questions On Wholesale Price Formation

In a proposed process to begin a review of the Summer 2018 ERCOT Market Performance, Staff of the Public Utility Commission of Texas noted that the PUC may wish to address lessons learned and issues related to retail mass transitions and market participant collateral, in addition to other issues…

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ERCOT Seeks Revision To ORDC Methodology

ERCOT has submitted as a sponsor Other Binding Document Revision Request (OBDRR) 007 for revisions to the Operating Reserve Demand Curve (ORDC) methodology to include Photo-Voltaic Generation Resources (PVGRs)

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PJM Seeks To Implement New Minimum FTR Credit Requirement

PJM Interconnection, L.L.C. filed tariff revisions at FERC which it said are designed to, "limit potential credit exposure of PJM Members with Financial Transmission Rights ('FTR') portfolios, i.e. FTR Holders, that have little to no credit requirement relative to the megawatt-hour ('MWh') volume of…

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PUC Issues RFP For Long-Term Contracts For Capacity, Energy

The Maine PUC issued a request for proposals for long-term contracts for capacity resources and associated energy, initiating the process for the solicitation and review of long-term contract proposals pursuant to Title 35-A, section 3210-C and Chapter 316 of the Commission's rules.

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ERCOT To Seek Correction Of Prices For Operating Day

ERCOT stated in a July 20 market notice that, "An issue was discovered in ERCOT’s Energy and Market Management Systems (EMS and MMS) with respect to the definitions of two double-circuit contingencies, DCNLHS8 and DLHSCNR8," relating to operating days July 18 and 20, 2018

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Wholesale News (Page 19) | EnergyChoiceMatters.com