PJM Market Implementation Committee (MIC)
The Demand Response Subcommittee will seek ways to improve measurement and verification of emergency demand response under an issue charge approved last week by the Market Implementation Committee.
The Market Monitor said members should reject proposals to change the way capacity supply curves are represented, saying they would expose confidential data.
Stakeholders approved a rule change to the PJM zonal base load definition so that zones don’t lose Auction Revenue Rights due to anomalies caused by storms or other extraordinary events.
Stakeholders approved two initiatives to improve demand response measurement and verification.
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.
Acknowledging they were taking “a leap of faith,” stakeholders last week endorsed PJM’s plan for cutting uplift and capturing reserve costs in energy prices.
The PJM Intermittent Resources Task Force will consider ways to implement recommendations of the recently completed PJM Renewable Integration Study.
Stakeholders split last week over a PJM proposal to change how the RTO captures the cost of deploying additional reserves during extreme weather.
PJM is considering new rules to address issues, including defaults, raised by the collapse of two retail marketers in January.
PJM will resettle $89 million in bills due to logging errors that overcharged LSEs in the eastern portion of PJM during the polar vortex.
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