forecast pool requirement (FPR)
Stakeholders rejected the installed reserve margin and forecast pool requirement values recommended by PJM staff, with some opposed arguing that the inputs remain nebulous.
PJM will present its recommended forecast pool requirement and installed reserve margin for endorsement by the Markets and Reliability and Members committees.
The Markets and Reliability Committee endorsed PJM's recommended installed reserve margin and forecast pool requirement values for the 2026/27 Base Residual Auction.
Among other actions, the PJM Markets and Reliability Committee and the Members Committee will consider endorsing various manual revisions.
PJM’s Andrew Gledhill presented a proposal to the Planning Committee to revise the installed reserve margin and forecast pool requirement for the third 2025/26 Incremental Auction.
The PJM MRC endorsed one of two proposals to revise how the RTO uses reserve resources, approving a deployment scheme where instructions are sent by basepoints, while rejecting a parallel proposal to grant operators the ability to dynamically increase market procurements.
The PJM Markets and Reliability Committee will consider proposed revisions to Manual 12 and Manual 13, along with several other agenda items.
The PJM MRC rejected four proposals to rework how the RTO measures and verifies the capacity EE providers can offer into the market.
Below is a summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings March 20.
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