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FERC orders ISO-NE to nix new power suppliers’ ability to ‘lock in’ capacity prices

FERC orders ISO-NE to nix new power suppliers’ ability to ‘lock in’ capacity prices Washington — The Federal Energy Regulatory Commission has found that ISO New England’s capacity market rules allowing new entrants to “lock in” their initial clearing price for seven years are no longer just and reasonable, and directed the grid operator to … Continue reading FERC orders ISO-NE to nix new power suppliers’ ability to ‘lock in’ capacity prices

FERC Accepts PJM Compliance Filings Overhauling Reserve Market and E&AS Offset Calculation

FERC Accepts PJM Compliance Filings Overhauling Reserve Market and E&AS Offset Calculation On November 12, 2020, the Federal Energy Regulatory Commission (“Commission”) approved changes regarding PJM Interconnection, L.L.C.’s (“PJM”) reserve market, including how the Regional Transmission Organization (“RTO”) calculates its energy and ancillary services offset (“E&AS Offset”). The order approves a PJM compliance filing establishing … Continue reading FERC Accepts PJM Compliance Filings Overhauling Reserve Market and E&AS Offset Calculation

FERC Upholds ISO-NE CASPR Program on Rehearing

FERC Upholds ISO-NE CASPR Program on Rehearing On November 19, 2020, FERC upheld its March 2018 order addressing ISO New England, Inc.’s (“ISO-NE”) Competitive Auctions with Sponsored Policy Resources (“CASPR”) proposal to integrate certain state-supported resources into its capacity market (see March 20, 2018 edition of the WER). FERC’s November 19 order upheld its prior … Continue reading FERC Upholds ISO-NE CASPR Program on Rehearing

FERC Largely Accepts PJM Reserve Market Compliance Filings

FERC Largely Accepts PJM Reserve Market Compliance Filings On November 12, 2020, FERC accepted two compliance filings submitted by PJM Interconnection, L.LC. (“PJM”) in which PJM proposed updates to its reserve market and forward-looking energy and ancillary services offset (“E&AS Offset”) used in PJM’s capacity market. Commissioner Glick filed a partial dissent, stating that, while … Continue reading FERC Largely Accepts PJM Reserve Market Compliance Filings

#MOPR reconsidered: Competitive generators move away from FERC ‘s PJM order, toward carbon pricing

MOPR reconsidered: Competitive generators move away from FERC’s PJM order, toward carbon pricing Competitive generators are quietly reversing course on a controversial federal rule many see as a blatant attempt to squash state energy policies. Though competitive suppliers, led by generator Calpine, initiated the complaint that led to the Minimum Offer Price Rule (MOPR) expansion … Continue reading #MOPR reconsidered: Competitive generators move away from FERC ‘s PJM order, toward carbon pricing

FERC Upholds Changes to PJM Reserve Market Design and E&AS Offset Calculation

FERC Upholds Changes to PJM Reserve Market Design and E&AS Offset Calculation On November 3, 2020, FERC upheld its May 2020 order finding PJM Interconnection, L.L.C.’s (“PJM”) reserve market design to be unjust and unreasonable, and establishing a replacement market design including, among other elements, a downward-sloping Operating Reserve Demand Cure (“ORDC”) and a $2,000/MWh … Continue reading FERC Upholds Changes to PJM Reserve Market Design and E&AS Offset Calculation

FERC Proposes Policy Statement on Incorporation of Carbon Prices in Wholesale Electricity Markets

FERC Proposes Policy Statement on Incorporation of Carbon Prices in Wholesale Electricity Markets On October 15, 2020, the Federal Energy Regulatory Commission (FERC) issued a proposed policy statement encouraging efforts to factor state-determined carbon prices into the rules governing organized wholesale electricity markets. The proposed policy statement follows a September 30, 2020 FERC technical conference … Continue reading FERC Proposes Policy Statement on Incorporation of Carbon Prices in Wholesale Electricity Markets

FERC Subjects NYISO Demand Response Resources to Buyer-Side Mitigation Rules

FERC Subjects NYISO Demand Response Resources to Buyer-Side Mitigation Rules On October 7, 2020, FERC affirmed its prior determination that certain demand response resources participating in the New York Independent System Operator, Inc. (“NYISO”) capacity markets—termed Special Case Resources (“SCRs”)—should be subject to an offer floor, and required revenues from some retail-level demand response programs … Continue reading FERC Subjects NYISO Demand Response Resources to Buyer-Side Mitigation Rules

Demand Response Provider Asks Feds to Open States to Energy Market Competition

Demand Response Provider Asks Feds to Open States to Energy Market Competition Over the past half-decade, the Federal Energy Regulatory Commission has consistently won court battles upholding its authority over states to set the rules for how distributed energy resources can play in wholesale energy markets. Now FERC is being asked to put that authority … Continue reading Demand Response Provider Asks Feds to Open States to Energy Market Competition

NERC, FERC recommend public anonymity for utilities violating power system security rules

NERC, FERC recommend public anonymity for utilities violating power system security rules The white paper is “a complete 180” from initial recommendations NERC and FERC staff made in August 2019, said Tyson Slocum, director of Public Citizen’s energy program. A first joint white paper proposed that CIP Notices of Penalty (NOP) submissions consist of a … Continue reading NERC, FERC recommend public anonymity for utilities violating power system security rules