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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...
PJM officials last week defended their practice of creating interfaces to capture operator actions in response to voltage problems, saying they can’t guarantee the constraints will be modeled in Financial Transmission Right auctions. In the last year, PJM has created “closed loop” interfaces in at least four locations so that...
Members narrowed the scope of a task force created to improve funding of financial transmission rights (FTR) Thursday, agreeing to eliminate consideration of balancing congestion. The Markets and Reliability Committee approved the narrowed scope after first rejecting a proposed charter for the FTR/ARR Senior Task Force. The MRC approved the...
Members last week agreed to create a senior task force to fix the underfunding of Financial Transmission Rights (FTRs) following a debate over the role of Auction Revenue Rights. The Markets and Reliability Committee approved a problem statement and issue charge to tackle the issue. PJM says over-allocation of Stage...
Flooded substation during Superstorm Sandy Stakeholders approved a rule change to ensure zones don’t lose Auction Revenue Rights due to anomalies caused by storms or other extraordinary events. The vote to revise the definition of Zonal Base Load was prompted by Superstorm Sandy in 2012. Storm-related outages produced ZBLs in...
Financial Transmission Rights holders asked PJM and Market Monitor Joe Bowring last week to take action to address the continuing shortfall in FTR funding. They received sympathy but no commitments. In June, the Federal Energy Regulatory Commission rejected a complaint (EL13-47) by FirstEnergy Solutions Corp. that sought to bill all...
By David Jwanier and Ted Caddell WASHINGTON — The 2013 PJM State of the Market was, to quote that noted economist Yogi Berra, mostly “déjà vu all over again.” The 2012 report had called for substantial changes to the capacity market, demand response and the treatment of uplift. The 2013...
By David Jwanier and Ted Caddell The 2013 PJM State of the Market was, to quote that noted economist Yogi Berra, mostly “déjà vu all over again.” The 2012 report had called for substantial changes to the capacity market, demand response and the treatment of uplift. The 2013 report, which...
Members agreed last week to move forward with an initiative that could result in reduced restrictions on up-to congestion transactions. About 70 percent of stakeholders at the Market Implementation Committee voted in favor of an issue charge to consider lifting the UTC bid cap and restrictions on the nodes that...
PJM is adding more items to the to-do list resulting from the September heat wave, during which officials ordered limited load sheds to prevent a wider system collapse. A 104-page analysis of the operational events and market impacts resulted in 22 recommendations, including 11 not previously announced (see sidebar). RTO...
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