PJM Market Implementation Committee (MIC)
PJM members endorsed rules describing when economic demand response is eligible for compensation, over the objections of some demand response providers, who said they are unfair.
PJM stakeholders agreed to consider lowering credit requirements for Qualifying Transmission Upgrades.
Members agreed last week to move forward with an initiative that could result in reduced restrictions on Up-to Congestion transactions.
PJM overcharged members by more than $25 million in reactive service charges last year and will begin providing refunds this month.
With two new types of demand response about to be introduced, PJM members last week took steps to clarify rules on substitutions and maintenance outages for the products.
The Operating Committee last week endorsed changes to Manuals 3A and 13 while the Market Implementation Committee endorsed revisions to Manual 28.
PJM will consider relaxing rules for up-to congestion transactions under a problem statement approved last week.
The MIC approved the sunset of the Financial Transmission Rights Task Force.
Members agreed to develop rules for demand response providers requesting maintenance outages.
The Market Implementation Committee will consider changes to PJM’s real-time pricing mechanism, which RTO officials say is depressing energy and reserve prices.
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