Ancillary Services

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VALLEY FORGE, Pa. — After a one-month delay, the PJM Market Implementation Committee on Wednesday endorsed two packages to update the RTO’s opportunity cost calculator. The latest plan from Dominion Energy and Panda Power Funds would make what the sponsors called "modest improvements" to the calculator and include Manual 15...

By Rich Heidorn Jr. External Market Monitor David Patton and Internal Market Monitor David Naughton both endorsed major portions of ISO-NE’s Energy Security Improvements (ESI) plan before the New England Power Pool Markets Committee on Tuesday, with Naughton also spelling out his concerns for policing market power. ISO-NE’s proposal includes...

By Tom Kleckner ERCOT's Technical Advisory Committee last week endorsed three additional “foundational pieces” to real-time co-optimization (RTC), the market tool being designed to procure energy and ancillary services (AS) every five minutes to find the most cost-effective solution for both requirements. TAC members unanimously approved the key principles in...

Technical Advisory Committee Chair Bob Helton has canceled the committee’s Aug. 28 in-person meeting because of a "limited number of items" for consideration. Instead, the TAC will hold an online information session on the Real-Time Co-Optimization Task Force’s (RTCTF) latest work to develop real-time co-optimization (RTC) principles. RTC is a...

ERCOT’s Board of Directors on Tuesday got its first look at the work being done to implement real-time co-optimization (RTC), which will add ancillary services to the real-time security-constrained economic dispatch engine. ENGIE’s Bob Helton, who chairs the Technical Advisory Committee, and Matt Mereness, ERCOT’s compliance director and chair of...

The New England Power Pool Markets Committee last week continued to discuss impact assessments of ISO-NE’s proposed energy security improvements (ESI). Analysis Group’s Todd Schatzki gave a presentation on additional preliminary results of a study on the risk premium on day-ahead energy option offers, as well as on two scenarios...

ERCOT stakeholders last week endorsed the first batch of key principles that will lay the foundation for implementation of real-time co-optimization (RTC) in the market. The Technical Advisory Committee on Wednesday readily endorsed five principles brought forward by the Real-Time Co-optimization Task Force (RTCTF). The principles still must be approved...

ERCOT staff and stakeholders are preparing to bring a first set of real-time co-optimization (RTC) policy principles to the Technical Advisory Committee in a key test of their efforts to improve the Texas grid operator’s market design. The Real-Time Co-Optimization Task Force, which is responsible for developing the RTC principles...

By Tom Kleckner Real-time co-optimization (RTC) in ERCOT took another step toward become reality last week following a discussion between Texas regulators and grid operator staff. Kenan Ögelman, ERCOT’s vice president of commercial operations, told the Public Utility Commission on Thursday that he has his marching orders, thanks to a...

By Rich Heidorn Jr. FERC on Thursday rejected a PJM proposal to reduce load-serving entities' savings from price-responsive demand (PRD) programs (ER19-1012). PJM had proposed changing the calculation of the "nominal PRD value," used for determining the PRD credit, from the reduction in load during the RTO’s annual peak to...