fuel-cost policy (FCP)
PJM's MIC OK'd rules on accounting for PTC/REC revenue and dealing with long-term market suspensions and discussed a loophole allowing CTs to ignore dispatch.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Feb. 24, 2022.
PJM stakeholders unanimously endorsed enhancements to the dead bus replacement logic for assigning prices to de-energized pricing nodes at the MRC meeting.
Stakeholders endorsed a joint PJM/Independent Market Monitor proposal addressing fuel-cost policy standards at a Market Implementation Committee meeting.
PJM stakeholders endorsed a proposal from PSEG seeking to create a cost-based calculator to aid in offers made by market sellers.
FERC approved changes to PJM’s fuel-cost policy rules, giving the Monitor an initial 10 business days to review a policy.
PJM has responded to the Market Monitor’s annual State of the Market Report, highlighting five different areas of focus out of hundreds of recommendations.
The Members Committee approved changes to PJM’s fuel-cost policy rules, but not before another round of animated debate over force majeure events.
Stakeholders approved the PJM ICC’s changes to the fuel-cost policy after rejecting a proposal state regulators and the Monitor said would create loopholes.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee meeting on Feb. 20, 2020.
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