In this blog post we’ll break down the causes and ramifications of the reprice event in PJM for February 2022. The majority of the impact (both in the initial congestion and changes related to the repricing) was in the Northern Neck Peninsula in PJM.
Financial Transmission Rights (FTRs) are complex financial power products. [Read more about different financial power products here]. Given the nature of these products, market participants participating in these markets need to have a comprehensive understanding of the grid’s components and the variables that can drive pricing.
The Midwestern Independent System Operator (MISO) will be retiring their original Market User Interface (MUI) and transitioning to their MUI 2.0. Currently, the MUI retirement is slated for January 2022. They are upgrading the MUI for performance, and security reasons. While MUI 2.0 will be a more modern system, with a RESTful API/ JSON design, it will be significantly different than the original XML-designed MUI.