PJM Markets and Reliability Committee (MRC)
PJM stakeholders agreed to consider ways to make it easier for banks to purchase capacity providers’ revenue streams.
PJM won approval of its short-term plan for capturing reserve costs in energy prices after agreeing to a sunset provision that won over load representatives.
Stakeholders last week approved new rules designed to ease the way for public policy transmission projects, but Maryland regulators said they may be irrelevant because of parallel rules proposed by PJM Transmission Owners.
Businesses with up to 100 kW in annual peak demand will be exempt from the new 30-minute notice rule for DR providers.
Stakeholders approved a revised Zonal Base Load definition to ensure that zones don’t lose Auction Revenue Rights due to extreme weather.
The Market Monitor said members should reject proposals to change the way capacity supply curves are represented, saying they would expose confidential data.
A joint proposal from PJM and the Independent Market Monitor to reduce payments to frequently mitigated units (FMUs) rose from the ashes to best three generator-backed proposals last week.
Our summary of the issues scheduled for votes at the PJM MRC on 05/29/14. 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.
PJM members approved rule changes to reduce “adder” payments to frequently mitigated generation units (FMUs), after rejecting a joint proposal from the RTO and the Market Monitor.
PJM's payments to frequently mitigated units jumped significantly over the winter, lending urgency to efforts to reduce “adder” payments.
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