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July 06, 2022
Home » FERC OKs Slash in Virtual Bidding Nodes for PJM
By Rich Heidorn Jr. and Rory D. Sweeney FERC last week approved PJM’s proposal to reduce by almost 90% the number of bidding locations for increment offers (INCs), decrement bids (DECs) and up-to-congestion transactions (UTCs) (ER18-88). Known as virtual transactions, these trades can be used to arbitrage price differences between...
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