PJM Markets and Reliability Committee (MRC)
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The Independent Market Monitor has argued energy efficiency can’t participate as a capacity resource because the load reductions already are accounted for in PJM’s load forecast.
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Consumers and electric distributors in PJM opposed a proposal to revise two financial parameters used to calculate the cost of new entry input to the 2027/28 Base Residual Auction.
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The PJM Markets and Reliability Committee voted to eliminate energy efficiency from the capacity construct, adopting a proposal from the Monitor.
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PJM proposes tightening "know your customer" rules, which require members to provide information to facilitate the due diligence PJM conducts on key decision-making leadership.
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The PJM MRC endorsed one of two proposals to revise how the RTO uses reserve resources, approving a deployment scheme where instructions are sent by basepoints, while rejecting a parallel proposal to grant operators the ability to dynamically increase market procurements.
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The PJM Markets and Reliability Committee will consider proposed revisions to Manual 12 and Manual 13, along with several other agenda items.
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PJM’s Markets and Reliability Committee endorsed a proposal to align the day-ahead energy market commitment cycle with the daily gas nomination deadlines.
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The Markets and Reliability Committee will vote on whether to endorse proposed revisions to Manual 18 to reflect redesigns drafted through the Critical Issue Fast Path process.
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The PJM MRC endorsed a proposal to revise how capacity obligations for serving large load additions are calculated to limit capacity assignments to areas where the LLAs are forecast to actually interconnect.
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Here's a look at the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on May 22, 2024.
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