When is A MWh Not A MWh?
PJM likens locational marginal pricing to a taxi ride. When traffic is light, one can expect a consistent and predictable fare, like a period with little congestion on the grid. Heavy traffic means a higher fare, similar to pricing during congestion on the transmission system. | PJM
Feb 2, 2023
Tony Clark and Vince Duane question whether the single marginal price construct still works with the increase in low-cost intermittent resources.
