Installed Reserve Margin (IRM)
The New York State Reliability Council OK'd interconnection standards for inverter-based resources larger than 20 MW.
The NYSRC Executive Committee approved the modeling assumptions for its 2024/25 installed reserve margin requirement study base case and discussed potential cap-and-invest updates.
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 N.Y. State Reliability Council Executive Committee indicated its Installed Capacity Subcommittee may increase the amount of 10-minute reserve assumptions.
The New York PSC approved a slight increase to the amount of reserve resources that load-serving entities must have available for the upcoming capability year.
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.
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