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July 19, 2024
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Imports, Not DR, Caused Heat Wave Price Crash
Unexpected imports from New York — not the mobilization of demand response — caused the heat wave price crash July 18 after spiking to $465/MWh amid the hottest day of the summer.
Demand ResponseEnergy EfficiencyEnergy MarketOperating ReservesPJM Markets and Reliability Committee (MRC)ReliabilityTransmission Operations