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Below are the new recommendations included in the Market Monitor’s State of the Market report for the first half of 2013. HIGH PRIORITY Addresses a market design issue that creates significant market inefficiencies and/or long lasting negative market effects. Operating Reserve — Reexamine allocation of operating reserve charges to participants...
PJM will add new processes for generators seeking exemptions from operating parameters under changes endorsed by the Market Implementation Committee Wednesday. PJM’s generation parameters set defaults for different types and sizes of generators. The parameters cover minimum run and down times, maximum daily and weekly starts and turn down ratios...
By Rich Heidorn Jr. Renewable generators will have more sources of balancing services and electric storage providers will be more competitive in the regulation market under a final rule approved by the Federal Energy Regulatory Commission Thursday. The commission said the new rule (Order 784, Docket Nos. RM11-24, AD10-13) will...
The Markets and Reliability Committee Thursday approved changes to Manuals 11 and 14D, while the Members Committee approved changes to Manual 15. Manual 11: Energy & Ancillary Services Reason for changes: Clarifications, error corrections and changes to conform to other manuals. Impact: The changes: Clarify and add conforming language for regulation rules:...
Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee and Members Committee meetings Thursday. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage in PJM Insider.
The Market Implementation Committee approved changes to implement Residual Zone Pricing, the integration of the East Kentucky Power Cooperative and market procedures to be used if the RTO loses Internet service. Residual Zone Pricing Residual Zone Pricing will replace physical zone LMPs for real-time load effective June 1, 2015. A...
PJM would develop rules for including advanced energy storage technologies in its ancillary services and capacity markets under a problem statement given first read at the Markets and Reliability Committee meeting Thursday. Although pumped hydro participates in PJM markets, the RTO has no rules for advanced technologies such as batteries,...
By Rich Heidorn Jr. PJM Insider WASHINGTON (April 2, 2013) — The Commodity Futures Trading Commission agreed Thursday to exempt PJM market transactions from most of its regulations, ceding authority to the Federal Energy Regulatory Commission. But it is unclear whether CFTC’s action will end its turf skirmishes with FERC...
Changes to the following PJM manuals were given final approval by the Markets and Reliability Committee March 28. Click the links below for details. Manual 3: Transmission Operations Manual 11: Energy & Ancillary Services Market Operations Manual 14D: Generator Operational Requirements Manual 28: Operating Agreement Accounting Manual 37: Reliability Coordination ...
By Rich Heidorn Jr. Washington, DC (March 14, 2013) - Market Monitor Joseph Bowring released the 2012 State of the Markets report with a call for changes to the capacity market, demand response and operating reserves. 2012 State of the Markets at a Glance The report showed that average LMP prices...
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