FERC Accepts MOPR Elimination Proposal Without Change or Condition
In a 4-1 order (Danly disssenting), the FERC accepted, without change or condition, ISO-NE’s and NEPOOL’s proposal to eliminate the FCM Minimum Offer Price Rule (“MOPR”) following the implementation of a two-year transition mechanism and to replace it with a reformed buyer-side market power mitigation review construct. The transition mechanism revisions were accepted effective May 30, 2022; the reformed mitigation construct revisions, March 1, 2024, as requested.