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By Matt Roberts The Energy Storage Association recently filed a complaint with FERC seeking a review of PJM’s prior unilateral changes to its market for frequency regulation. Electricity markets are founded on the principle that practices affecting rates won’t be changed arbitrarily, which ensures fair treatment of companies that invest in...
By Rory D. Sweeney WILMINGTON, Del. — Solutions for reducing uplift charges have been more than four years in the making, so PJM members at last week’s Markets and Reliability Committee meeting were largely unconvinced when financial traders argued that voting on the solution’s third phase was being rushed. Financial...
By Michael Kuser and Rich Heidorn Jr. Executives from PJM, NYISO and ISO-NE will gather with stakeholders, state officials and others at FERC this week to seek ways to incorporate state policies on greenhouse gases into wholesale markets. FERC scheduled the two-day technical conference out of concern that the RTO/ISO...
By Rory D. Sweeney VALLEY FORGE, Pa. — Is PJM’s day-ahead auction more art or science? That question was raised by several stakeholders at Tuesday’s special session of the Market Implementation Committee on price transparency, after the disclosure that PJM operators — rather than algorithms — make the final decision...
By Rory D. Sweeney WILMINGTON, Del. — What’s a megawatt really worth? That question is at the base of the current debate about PJM’s capacity market construct, which last week shifted to whether there is a willingness to consider moving away from centralized markets. At Friday’s meeting of the Capacity...
By Rory D. Sweeney PHILADELPHIA — More than 200 stakeholders met at the Philadelphia Airport Marriott on Wednesday and others listened in on the webcast to discuss the meaning of resiliency and reliability on the electricity grid and how to incentivize enhancement of it through PJM’s electricity markets. PJM Grid...
Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability and Members committees 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 RTO Insider.
By Michael Kuser RENSSELAER, N.Y. — Lots has changed since 1993, when members of the New York Power Pool and several transmission owners in PJM agreed to split the cost on two phase angle regulators (PARs) at Consolidated Edison’s Ramapo substation. ConEd PAR | ConEd The power pool was succeeded...
By Rory D. Sweeney VALLEY FORGE, Pa. — With several changes under consideration for its financial transmission rights processes, could PJM be forming another FTR task force? PJM convened task forces in 2011 and again in 2015 to address FTR underfunding. At Wednesday’s Market Implementation Committee meeting, Direct Energy’s Jeff...