The Long and Short of Grid Congestion
FTRs make hedging possible, but can PJM ensure full funding without playing favorites?
Financial traders believe PJM’s proposal discriminates since they are more likely to hold counter-flow FTRs.
David Patton
Scare Tactics
New England’s proposed capacity market reform would force generators to ‘Be There or Else.’
Facing worries about resource adequacy, ISO New England proposes changes that would penalize generators that fail to perform when needed -- for any reason. Market players say it can only work if the system operator allows for reasonable exceptions.
Tranche Warfare
The experts do battle over capacity market design.
A FERC conference this fall aired new major policy options for capacity markets. Amid the battle, ISOs are making tactical adjustments.
RTO Tango
PJM and MISO ran from the altar once before. Now there’s talk of a shotgun wedding.
Utilities in the Midwest ISO want greater access to sell into PJM’s lucrative market. But that might require a virtual merger of the two RTOs — a move rejected seven years ago as too costly, and perhaps still impractical today.