PJM's MIC will begin work on an initiative to consider whether the RTO should provide more notice to the market before introducing “closed loop” interfaces.

A round-up of news from the PJM Market Implementation Committee on Nov. 7, 2014.

A round-up of news from the PJM Market Implementation Committee (MIC) on Oct. 8, 2014.

PJM members agreed last week to consider cutting compensation for Tier 1 synchronized reserves, but PJM officials are likely to oppose a change.

Members agreed last week to consider changing credit requirements for virtual transactions in January and February 2015 despite opposition from PJM.

PJM has dropped a proposal to create a new real-time reserve market, bowing to stakeholder concerns over the cost and complexity.

The PJM MIC approved several changes recommended by subcommittees regarding data submission deadlines and credit requirements.

PJM last week proposed eliminating some generators from the calculation of Tier 1 synchronized reserves.

PJM dropped a proposal to consider changes to the regulation market after receiving a cool reaction from stakeholders and the Market Monitor.

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 FTR auctions.