The preliminary results of PJM’s look ahead at the capacity available for this summer and the expected peak loads suggest that about 5.4 GW of demand response could be needed to maintain the 3.5-GW real-time primary reserve requirement.

The Operating Committee endorsed a pair of manual revisions and heard an update on the implementation of PJM’s regulation market redesign.

PJM gave more detail on its plan to scale back a 30% adder it added on the synchronized and primary reserve requirement in May 2023.

NYISO presented its assumptions for the economic and electrification trends that would drive load growth through the 2040s based on Moody’s Analytics data, which show statewide population to “significantly” decline.

PJM credited emergency procedures with improving generator performance during a pair of winter storms in January, including a new all-time winter peak of 145,060 MW.

PJM set a record winter peak load Jan. 22, surpassing its previous seasonal peak set in February 2015. PJM officials said actions the RTO and its members took ahead of the cold snap got the system through strained conditions.

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.

PJM heads into 2025 with several proposals before FERC seeking to rework its capacity market and generator interconnection queue, while stakeholders work on an expedited Quadrennial Review of the market and changes to resource accreditation.

PJM stakeholders have endorsed changes to accounting of demand response in load forecasts, among other actions.