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The following issues generated little or no discussion among members when they were brought before the Markets and Reliability Committee for first readings Thursday. The issues will be brought to a vote at the next MRC meeting Sept. 26. Below are brief descriptions of the issues along with their agenda...
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...
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 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 briefed members Wednesday on manual changes documenting two improved methods for verifying demand response providers’ customer baselines (CBL). The CBL is used to forecast how much power a resource would have used absent DR. The two methods being added to Manual 11 are already permitted and one is in...
Transmission owners flexed their muscles Wednesday, uniting to block proposals that would allow network load customers more frequent opportunities to switch to nodal pricing. Two proposals by retail marketer Direct Energy to allow a limited number of such switches monthly were rejected by the Market Implementation Committee after utility representatives...
An overworked transformer and the mobilization of demand response were the focus last week as members and PJM staff continued to discuss the mid-July heat wave. PJM officials gave lengthy briefings to the Operating and Market Implementation committees, explaining their decisions to relieve an overload on the AEP transformer in...
Members Wednesday heard three proposals for streamlining the time consuming and error prone demand response registration process. Current rules require Curtailment Service Providers to submit customer names to both the Electric Distribution Company and Load Serving Entity. The EDC and LSE have 10 days to approve or deny the registration.
Unexpected imports from New York — not the mobilization of demand response — caused power prices to crash July 18 after spiking to $465/MWh amid the hottest day of the summer, PJM officials told members Thursday. LMP prices jumped from nearly $300 for the hour ending 1 p.m to $465...
The Markets and Reliability Committee approved the following manual changes Thursday. Manual 1: Control Center and Data Exchange Requirements Reason for change: New rules for access to PJM Energy Management System (EMS). Impacts: Added new section 2.5.7 detailing rules for transmission owner read-only access to PJM’s EMS. No screen scraping...
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