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MRC members heard first reading on a problem statement to review potential changes to the Cost of New Entry (CONE) triennial review process. CONE values are used in PJM’s Reliability Price Model (RPM) to obtain capacity resources. Reason for problem statement: PJM and members agreed to explore changes in the...
Wind farms that fail to follow PJM’s electronic dispatch signals will no longer receive lost opportunity cost payments under a tariff amendment approved by the MRC. Reason for change: Some wind generators are not following their economic basepoint, requiring PJM to issue manual dispatch instructions. This delays generators’ responses, causing...
PJM members Thursday abandoned a year-long effort to establish a long-term capacity product. The Markets and Reliability Committee voted to strip development of a “Long-Term Capacity Auction or alternative multi-year mechanism” from the revised charter for the Capacity Senior Task Force. “We feel that we’ve spent more than enough time...
The Federal Energy Regulatory Commission last week accepted PJM’s revised plan for compensating frequency response providers, rejecting a rehearing request from PSEG Companies. The commission’s order concerned PJM’s January 15 compliance filing in response to Order 755, which required regional transmission operators (RTOs) and independent system operators (ISOs) to institute...
The Federal Energy Regulatory Commission (FERC) Thursday endorsed revised business practices and communication standards to comply with commission Orders 890 and 676. The Notice of Proposed Rulemaking (RM05-5-022) would accept version 3 of the standards, which were drafted by the North American Energy Standards Board (NAESB). In Order 890 and...
Federal regulators moved Thursday to give gas pipeline operators explicit permission to exchange non-public operational information with PJM and other RTOs. The Federal Energy Regulatory Commission approved a Notice of Proposed Rulemaking (RM13-17) that it said would improve planning and reliability by revising the commission’s Standards of Conduct. The proposed...
The Federal Energy Regulatory Commission Thursday rejected PSEG’s challenge to PJM’s procedure for selecting new transmission projects, saying the company had failed to prove that PJM’s methodology was “tantamount to black box decision-making.” PSEG had asked the commission to reconsider its November 29 order accepting revisions to PJM’s Operating Agreement...
The Federal Energy Regulatory Commission Thursday gave final approval to one reliability standard and opened for comment two others. The commission issued a final rule on the North American Electric Reliability Corp.’s Modeling, Data, and Analysis standard (MOD-028-2; Docket No. RM12-19-000). The rule clarifies the timing and frequency of total...
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...
PJM expects to open a proposal window for market efficiency transmission projects later this year, PJM officials told members last week. Steve Herling, PJM vice president of planning, said the window would allow transmission developers to propose cost-saving solutions to congestion issues identified by PJM staff. PJM officials said the...
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