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October 31, 2024

up-to-congestion transactions (UTCs)

FERC OKs Slash in Virtual Bidding Nodes for PJM
FERC approved the PJM proposal to reduce by almost 90% the number of bidding locations for virtual transactions.
PJM
PJM MRC/MC Briefs: Jan. 25, 2018
Stakeholders at the Markets and Reliability Committee meeting declined to endorse any proposals to revise PJM’s capacity model.
FERC: PJM Uplift Proposal for UTCs Falls Short
FERC rejected a key part of PJM’s controversial proposal to reallocate uplift costs, saying it had failed to justify its plan to begin charging UTC transactions.
UPDATED: Trader Agrees to Pay $2.7M in Win for FERC
K. Stephen Tsingas and his City Power Marketing agreed to a $11.7 million settlement with FERC's Office of Enforcement over market manipulation allegations.
Traders: PJM Delay, Secret Support Could Result in Pa. Tax
PJM financial traders say they fear that Pennsylvania lawmakers may target them in efforts to close the state’s budget gap.
Traders: PJM Delay Could Mean Pa. Tax; RTO Denies Supporting Levy
PJM financial traders say they fear that Pennsylvania lawmakers may tax virtual transactions in efforts to close the state’s budget gap.
PJM MRC/MC Briefs: June 22, 2017
Members strongly endorsed the third phase of PJM’s plan to address uplift, despite opposition from financial stakeholders.
PJM MRC OKs Uplift Solution over Financial Marketers’ Opposition
The PJM MRC was largely unconvinced when financial traders wanted to defer a vote on a set of rule changes on virtual transactions.
PJM Board Disputes UTC Trader’s Accusations
The PJM Board of Managers responded to accusations leveled by up-to-congestion trader XO Energy, defending the grid operator’s practices.
UTC Trader Displeased with PJM’s Handling of Uplift Rule Changes
UTC Trader XO Energy accused PJM of unfairly discounting the interests of up-to-congestion traders in recent uplift rule changes.

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