Washington — Stakeholders are showing support for California Independent System Operator’s new plan to account for forced outages when calculating the capacity needed for resource adequacy, but some still say the approach could add complexity, conflict with other resource adequacy mandates, and potentially overprocure capacity. …
PJM’s winter 2019 experience reinforces need for reserve pricing reform
Author Mark Watson
Houston — PJM’s Synchronized Reserve Market prices were “at or near zero for 19 of 24 hours” during a late-January cold snap, so a federal regulatory filing is planned “to improve how reserve prices are formulated,” which drew mixed reactions from industry observers.
In a recap of the independent system operator’s performance this winter, PJM said in a statement Monday that the system …