forecast pool requirement (FPR)
The Planning Committee endorsed the recommended values in the 2023 Reserve Requirement Study, which would increase the amount of reserves that PJM aims to procure for the 2027/28 delivery year.
PJM brought a quick fix solution before the Planning Committee, seeking to address the frequency and magnitude of load forecast adjustments being requested by electric distribution companies.
The 2023 Reserve Requirement Study, which PJM presented to stakeholders, would lead to an uptick in the targeted reserve procurement level.
The PJM Planning Committee voted by acclamation to endorse the results of the 2022 Reserve Requirement Study.
PJM's MRC rejected two proposals intended to allow market sellers to represent a greater degree of the risk they take on when entering the capacity market.
The Planning Committee heard updates on PJM's capital budget, the Reserve Requirement Study and an appellate court ruling on transmission cost allocation.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Oct. 20, 2021.
PJM received 79 proposals addressing both the onshore and offshore demands of N.J.’s ambitious OSW program as part of the RTO’s “state agreement approach."
PJM is recommending using an installed reserve margin of 14.6%, slightly up from 14.4% required in 2020.
PJM stakeholders endorsed an installed reserve margin of 14.4%, down from 14.8% in 2019, along with new winter weekly reserve targets.
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