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PJM officials told members Thursday they may seek to lower the price cap on emergency demand response as a result of their review of the July 14-19 heat wave. The comments came as PJM gave its most detailed explanation yet regarding the heat wave, with a lengthy presentation and answers...
PJM would create rules allowing batteries, flywheels and other advanced energy storage technologies to participate in its capacity market under a problem statement presented to the Markets and Reliability Commission on first reading Thursday. The proposal was introduced by Janette Kessler Dudley of Demansys Energy, which aggregates commercial and industrial...
Energy prices and coal generation rebounded in the first half of 2013 as natural gas costs increased, PJM’s Market Monitor reported in its mid-year report. The load-weighted average LMP was $37.96 per MWh, up nearly 22% from the first half of 2012 as natural gas in eastern PJM briefly spiked...
Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee Thursday. (There is no Members Committee meeting this month.) Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to...
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...
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