Stakeholders approved two initiatives to improve demand response measurement and verification (M&V) last week. The Market Implementation Committee approved a problem statement to improve the M&V accuracy for emergency DR. PJM’s Pete Langbein told members the existing procedures, which use the hour before an event as the customer baseline (CBL),...

Below is a summary of the issues scheduled to be brought to a vote at the Members Committee meeting Thursday. Each item is listed by agenda number, followed by a summary of the issue. RTO Insider will be in Cambridge, Md., covering the discussions and votes. See next Tuesday’s newsletter...

The Markets and Reliability Committee approved the following Tariff and Operating Agreement revisions last week: Clarifications to the Tariff and OA giving generators providing Tier 2 synchronized resources the ability to aggregate these resources in order to avoid retroactive penalties for failure to respond appropriately when called. New language will...

Regulators, consumer advocates and the Market Monitor last week urged the Federal Energy Regulatory Commission not to change a crucial rule for PJM’s upcoming capacity auction, warning that it would allow generators to exercise market power. FirstEnergy Solutions Corp.’s request to change how PJM calculates the maximum price generators can...

The Operating Committee last week endorsed manual changes to implement lessons learned from last September’s heat wave and January’s bitter cold. The committee also endorsed changes to four other manuals that will implement new dispatch rules for demand response pending approval of proposed Tariff amendments. The changes to Manual 13:...

Stakeholders endorsed rule changes last week to clarify that generation owners providing Tier 2 synchronized reserves will be measured in the aggregate when PJM evaluates their performance under a new penalty structure. The Federal Energy Regulatory Commission approved the new penalties effective Jan. 1 (ER14-297). Manual 11: Energy and Ancillary...

PJM wasn’t the only place the winter of 2013-14 made its mark in the record books. MISO, the Southwest Power Pool and NYISO also hit all-time winter peaks during January’s polar vortex, while ISO New England came up just short. January 2014 holds eight of PJM’s top 10 winter demand...

PJM’s frigid January was almost off the charts — literally. PJM Load-Weighted LMPs (Source: PJM Interconnection, LLC) The record-setting cold pushed PJM’s load-weighted LMP to $126.80, more than three times the price in January 2012, officials told stakeholders last week. The RTO’s gross billings for the month were $11.2 billion...

The Federal Energy Regulatory Commission last week clarified its 2013 rule opening the ancillary services markets to more competition from electric storage. Order 784 was designed to improve competition and transparency in ancillary services markets at a time when the growth of wind power and other intermittent sources is increasing...