Chasing the Uncatchable
Why trying to fix mandatory capacity markets is like trying to win a game of Whack-A-Mole (Parts I & II)
FERC has little to show for more than a decade of tinkering with mandatory capacity markets.
independent system operator
FERC Chasing the Uncatchable
Trying to fix mandatory capacity markets like trying to win at Whack-A-Mole, Part II
The proposals do not mandate participation in mandatory auction markets, much less try to set artificial floors on seller bids.
Grid Reform to Date
How the feds opened the supply side.
The sheer scale of growth put a ‘stake through the heart’ of the old view.
The Powhatan Matter
Market manipulation versus the right to make a profit.
Harvard professor Bill Hogan claims FERC is wrong to find market manipulation where traders simply make profits on market defects known to all.
Dodd-Frank and Electric Utilities
Understanding the new mosaic of commodities trading regulations.
Compliance with Dodd-Frank might not be as complicated as feared; however, companies must be vigilant in order to maintain the relevant exemptions.
Transmission Owners Join MISO
Submitted by aburr on Wed, 2013-02-27 15:58MISO’s board of directors approved the applications of four new transmission-owning members: Cleco Power, Lafayette City-Parish Consolidated Government, Minnesota Municipal Power Agency, and Prairie Power. As a fully integrated transmission-owning member of MISO, each will participate in MISO’s competitive energy markets and system planning and operating functions.
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.
Rate Design by Objective
A purposeful approach to setting energy prices.
Changes in regulatory requirements, market structures, and operational technologies have introduced complexities that traditional ratemaking approaches can’t address. Poorly designed rates lead to cross-subsidies, inequitable outcomes, and perverse incentives. An objective-based approach can better communicate costs to customers in a way that better serves operations and policy goals.