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February 23, 2024
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FERC Clarifies Order on PJM Reserve Market Changes
Danly Blasts Decision
PJM's operating reserve demand curve (blue) as approved by FERC in 2020, compared to a previously proposed version (green) and old version (red dotted line)
PJM's operating reserve demand curve (blue) as approved by FERC in 2020, compared to a previously proposed version (green) and old version (red dotted line) | PJM
FERC clarified that its order on remand partially reversing PJM’s proposed energy price formation revisions did not remove the RTO’s reserve price caps.
Ancillary ServicesEnergy MarketPJM