Wholesale Markets


Note from the editor

Wholesale market operators around the country are facing a host of challenges, from ensuring adequate capacity and avoiding blackouts to determining the best ways to integrate and dispatch an evolving mix of resources.

The Northwest Power Pool recently hired the Southwest Power Pool as it explores a formal program for sharing resources across state borders and avoiding power outages like the ones that have affected California.

The New York ISO and other operators are also assessing how to better integrate distributed energy resources in capacity markets, which may require a rethink of resource adequacy.

These and other wholesale market developments are explored in-depth in the stories below.

Larry Pearl Senior Editor

FERC open to revisiting MOPR, as grid operators, utilities mull future of wholesale markets

"Although I voted for our MOPR orders, and believe those determinations were supported by the record, I'm not wedded to the policy calls of the past," said Commissioner Neil Chatterjee.

• Published March 24, 2021

FERC should expand organized markets across the US, former chairs and commissioners say

Although momentum for RTO expansion is growing, resistance to the shift is strong in some markets where the more competitive structure doesn't exist.​

• Published June 3, 2021

New England states push for governance changes in ISO-NE, ahead of anticipated MOPR reform

To quell state frustrations, regulators say conversations will have to move beyond reforming the controversial minimum price rule.

• Published June 7, 2021

Maryland, Illinois may pursue legislative MOPR exit, despite new FERC nearing

"We wish that a new FERC could just simply wave its wand and get rid of the MOPR," said Illinois' consumer advocate. "We can't wait for a new FERC to solve the mess that the previous FERC created."

• Published Dec. 11, 2020

MOPR reconsidered: Competitive generators move away from FERC's PJM order, toward carbon pricing

Though competitive suppliers initiated the complaint that led to the MOPR expansion, they are now pivoting toward more markets-based mechanisms, in response to state threats to exit the markets.

• Published Nov. 13, 2020

FERC reversal on electric co-op exit fee jurisdiction could have broader rate implications, analysts say

Federal regulators' determination that exit fees are a part of wholesale rates could impact future cases.

• Published Sept. 3, 2020

Pacific Northwest looks to avoid California-style blackouts through more regional coordination

Climate change, load growth and the replacement of fossil fuels with renewables is pushing the region to take big steps toward a new model.

• Published Aug. 24, 2020

Ensuring DER inclusion in capacity markets may require a rethink of resource adequacy

The growth of customer-owned resources is forcing system operators and aggregators to see their value as reliability tools and rethink the concept of resource adequacy.

• Published Aug. 24, 2020

The 3 key challenges to expanding the West's real-time energy market to day-ahead trading

Customer savings and streamlined emissions cuts can come from the Buffett-backed west-wide market plan

• Published June 3, 2020

'Simple' or a 'Band-Aid'? ISO-NE leans toward Eversource/National Grid $49M solution for Mystic plant replacement

New England's grid operator chose the lowest-cost proposal, but one developer says that doesn't make it the most effective or efficient.

• Published July 2, 2020 • Updated July 28, 2020