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June 20, 2014
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 | Upcoming NEM Events | |
| NEM Summer Leadership Roundtable - NEM’s Summer Policy Leadership Roundtable will be held at the University Club in Chicago, IL on August 5-7, 2014. Chairman Doug Scott of the ICC has confirmed his participation and has invited the other Commissioners, key staff, and the Governor’s office to attend. Registration is now available on the NEM website at this hotlink. Please contact Catalina to secure a hotel room at the University Club.
NEM Mid-Atlantic Energy Summit - Please also plan to attend the NEM Mid-Atlantic Energy Summit to be held at The Center Club in Baltimore, MD on October 21-23, 2014. Registration is now available on the NEM website at this hotlink. Hotel Rooms are available at the NEM Rate of $160 at the Embassy Suites Inner Harbor Hotel in Baltimore, MD.
Please contact headquarters if you are interested in sponsoring either of these events. | |
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 | FERC Opens Proceeding on Price Formation in Energy and Ancillary Services Markets Operated by RTOs/ISOs | |
| FERC has opened a proceeding to evaluate issues regarding price formation in the energy and ancillary services markets operated by RTOS and ISOs. The Commission stated, "Ideally, the locational energy market prices in the energy and ancillary services markets would reflect the true marginal cost of production, taking into account all physical system constraints, and these prices would fully compensate all resources for the variable cost of providing service. The RTO/ISO would not need to commit any additional resources beyond those resources scheduled economically. Further, load would reduce consumption in response to price signals such that market prices would reflect the value of electricity consumption without the need to administratively curtail load. In reality, RTO/ISO energy and ancillary services market outcomes are impacted by a number of technical and operational considerations."
While recognizing these limitations, FERC believes there could be opportunities to improve the price formation process. FERC directed Staff to convene workshops on the following issues in this regard: 1) use of uplift payments; 2) offer price mitigation and offer price caps; 3) scarcity and shortage pricing; 4) operator actions that affect prices. The first workshop will be predominantly focused on the topic of uplift. The full text of the Notice of Proceeding is available on the NEM Website. | |
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Copyright 2004 National Energy Marketers Association
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