As it becomes more routine for developers to offer cost containment commitments, it will become increasingly difficult for RTOs to ignore the cost impact of proposals.
Charting a Path Forward
A case study from PJM on competitive procurement of regional transmission under FERC Order 1000.
How recent events could prove a harbinger of winters to come.
ISO New England’s capacity market proposal will bring reliability benefits to the region.
ISO New England CEO Gordon van Welie rebuts implications in a Fortnightly column about the ISO’s “Pay for Performance” capacity market proposal.
New England’s proposed capacity market reform would force generators to ‘Be There or Else.’
The trouble with treating grid projects as market players in New York’s capacity auction.
New England turns to fuel oil for the coming winter.
PJM and the crisis over FTR underfunding.
PJM’s latest crisis—the underfunding of financial transmission rights that we’ve seen over the last few years—pushes regulators right to the edge. How far do they trust wholesale power markets? Do they accept the idea, proven by a famous economist, that freely traded financial instruments can work just as well—better even—than firm, physical contract rights?
In PJM’s case, we are told, the problem occurs when too much negative congestion shows up in real-time balancing. But if congestion is bad, shouldn’t negative congestion be good?