PJM members approved yet another initiative to address reliability concerns over gas-fired generators, agreeing to consider changes to the way such units submit energy and capacity market offers.
PJM capacity prices would increase sharply but reliability would not be threatened if a recent federal court ruling eliminated demand response from wholesale markets, the Market Monitor said.
PJM officials said they have acquired sufficient new black start capacity to replace coal-fired units that will retire over the next year due to environmental rules.
PJM officials are considering boosting the RTO’s installed reserve margin (IRM) for winter as a result of its experience in January, when it narrowly avoided shedding load amid frigid temperatures and high outage rates.
Load and supply factions deadlocked Thursday, as members rejected three proposed changes to the MOPR.
MISO has agreed to withdraw a unilateral proposal to amend the MISO-PJM joint operating agreement (JOA) after PJM officials expressed concern that it was overly broad.
PJM and state officials pledged to develop a regional plan, like RGGI, to minimize the cost of complying with the EPA's carbon rule, but lawmakers in coal-dependent Kentucky and West Virginia may be more interested in fighting the regulation than in joining in.
PJM will join in calls asking the D.C. Circuit Court of Appeals to reconsider its May 23 ruling on FERC Order 745.
Uncertainty over the grid’s vulnerability to sabotage could lead to wasteful and excessive spending, a new congressional report warns.
Generation owners last week helped kill a joint proposal from PJM and the IMM to reduce payments to frequently mitigated units (FMUs).