Readers could have seen your ad here when reading this story. Email retailenergyx@gmail.com
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation

FERC Closes Investigation Of Alleged Capacity Market Manipulation Citing Insufficient Evidence

November 17,2017



In an annual report of enforcement activities, FERC Staff reported that, among the closed investigations in FY2017, was the investigation into bidding behavior in ISO New England's eighth annual Forward Capacity Auction (FCA 8), held in 2014 for the delivery year 2017-18

FCA 8 was marked by allegations of the exercise of market power, specifically related to the withdrawal of Brayton Point from the auction, but FERC was deadlocked (2-2) about whether to approve the rates or set them for hearing. Accordingly, the rates became effective by operation of law

"Enforcement conducted an investigation into certain bidding behavior in ISO-NE’s eighth annual Forward Capacity Auction (FCA 8), following a non-public referral from ISO-NE and its market monitor for potential tariff violations and market manipulation. Staff has concluded its investigation and determined that there was insufficient evidence of intent to manipulate and insufficient evidence to substantiate a tariff or rule violation," the report states

Tags:
FERC   Capacity Market   ISO New England  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Executive Director -- Retail Supplier
Director/Manager Channel Sales -- Retail Supplier -- Houston
Director of Billing Operations
Analyst, Supply/Settlements -- Retail Supplier -- Houston
Manager of Supply -- Retail Provider -- Dallas


More Stories on RetailEnergyX.com:
ICC Hosting Policy Session on FERC’s Decision on PJM Capacity Market Reform (RPM Opt-Out)
SECA Charges Which Killed Nascent Retail Markets Live On At FERC, Allocation To New Suppliers
Federal Court Upholds Illinois Nuclear Subsidy Mechanism
SMU Academic Says ERCOT Needs Capacity Market
PJM IMM: Participant Behavior In 2021/2022 Capacity Auction "Not Competitive"


comments powered by Disqus





Advertise here:
Email retailenergyx@gmail.com


Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service

Home


Developed by: Avidweb Technologies inc.