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December 5, 2025

Virtual Transactions

PJM to Consider Relaxing UTC Rules
PJM will consider relaxing rules for up-to congestion transactions under a problem statement approved last week.
Bowring: UTCs Boost FTR Shortfalls
PJM's market monitor released data showing that up-to congestion (UTC) transactions are increasing shortfalls in Financial Transmission Rights (ftr) funding.
Monitor’s Mid-Year Report: Prices Up, Coal Gains on Gas
The PJM Market Monitor's mid-year report detailed rebounding energy prices and coal generation in the first half of 2013 as natural gas costs increased from record lows.
Split Decision for Financial Traders on PJM Line-Loss Collections
In a split decision for financial traders, an appellate court Monday sent a dispute regarding PJM’s line-loss collections back to FERC.
MRC Approvals 5/30/13: PMU Costs, CFTC Order, UTC Credit
Below is a summary of problem statements and manual, Operating Agreement and Tariff changes approved by the PJM Markets and Reliability Committee (MRC).
Members Committee Approvals
The PJM Members Committee approved the following changes by acclimation at its annual meeting on May 16, 2013.
MIC OKs UTC Credit Requirement
The Market Implementation Committee endorsed a first-ever credit requirement for up-to-congestion transactions. The new rule, a consensus resulting from 12 C...
Back to the Drawing Board on FTR Forfeitures for Incs, Decs
PJM and its Market Monitor still don’t agree on how the Financial Transmission Rights forfeiture rule should be applied. But they have at least reached conse...
MRC Defines UTCs; Adds Bid Limit and FTR Forfeiture Rule
Up-to congestion transactions were in the spotlight Thursday as the Markets and Reliability Committee: Approved a definition of UTCs and a limit on trading...
PJM Proposes Operating Reserve Changes to Cut Uplift
PJM called Thursday for a broad review of its method of providing Operating Reserve payments, saying changes were needed to reduce growing uplift costs. Ope...

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