EPSA
For the 16th consecutive year the PJM markets have been found to have produced competitive results for 61 million consumers currently served in 13 states and the District of Columbia. The 510-page 2014 State of the Market Report, released on March 12 by the RTO’s Market Monitoring Unit (MMU), Monitoring Analytics, analyzed extensive data to […]
Read MoreSusan L. Pope Assessment of concerns about price formation and prompt action to address the underlying problems identified should be an urgent priority for regulators, Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs) in order to preserve and strengthen competitive electricity markets. In the absence of confidence in spot market price signals the structure […]
Read MoreExtreme cold weather in early January 2014 provided a stress test for Mid-Atlantic and Northeastern wholesale electricity market designs. Following this unusual polar vortex weather event several important concerns were identified for review and modification.1 Many of these concerns are appropriately associated with ensuring that independent system operators (“ISOs”) have the ability to effectively manage […]
Read MoreOrganized Wholesale Markets Require Meaningful Reforms In Light Of Serious Challenges
Read MoreThis paper focuses on those wholesale electricity markets administered by Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs) that have evolved over nearly two decades and today serve more than two-thirds of the country. Independent operation of the transmission grid and administration of various regional markets for electricity products and services continue to produce […]
Read MoreIt doesn’t take a crystal ball to know that this is a rough and uncertain time. While no one ever knows how the future will unfold, the severity of today’s economic crisis lends a particularly sobering quality to these unknowns. In the electric industry, this uncertainty creates substantial challenges. This is a notoriously capital‐intensive industry […]
Read More