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A modified proposal to set earlier deadlines for power plants seeking exemptions from participation in PJM’s capacity market auctions won approval from the Markets and Reliability and Members committees Thursday. The current rules require 120 days’ notice before the opening of the auction. Stu Bresler, PJM vice president of market...
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...
Members voted Thursday to approve a problem statement to consider modifying the design of the Reliability Pricing Model to ensure physical delivery of resources that clear the capacity auction. Jason Barker, of Exelon, proposed the inquiry, saying it was needed to prevent potential reliability issues because PJM is becoming increasingly...
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 officials told the Operating Committee last week that they are considering increased penalties to eliminate the current economic incentives for generators and demand response providers that fail to perform when called on to provide spinning reserve. Providers of Tier 2 synchronized reserve are paid per MWH of reserves offered...
There’s an important PJM meeting today -- but you’ll have to listen in yourself if you want to know what happens. The Liaison Committee’s irregular meeting with the Board of Managers will be held at 4 p.m. EDT today in Chicago. The meeting is open only to PJM members and...
If it’s the last Thursday of the month it’s meeting time for PJM’s two senior committees – and likely a vote on at least one problem statement directed at demand response resources. At last week’s session, the Markets and Reliability Committee approved one problem statement and deferred a vote on...
Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee and Members Committee meetings 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 PJM Insider.
With its reliance on demand response and heavy concentration in PJM, EnerNOC has seen its fortunes wax and wane based on decisions made in Valley Forge and Washington. The company cited the following examples in its 10-K disclosures to shareholders: The company saw its DR revenues fall in 2011 versus...
By Rich Heidorn Jr. New gas-fired generation and a near doubling of imports caused a big price drop in PJM’s annual capacity auction, the RTO announced late Friday. Prices ranged from $59 to $119/MW-day — down 29% to 68% — in most of PJM, although the Public Service Electric and...
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