market clearing engine
The PJM MRC and MC both endorsed a proposal to rework the regulation market to operate with a single price signal and two products provided by market sellers.
The PJM Markets and Reliability Committee will consider endorsement of two competing proposals to implement multi-schedule modeling, while the Members Committee will endorse representatives for the Finance Committee.
The PJM Markets and Reliability Committee endorsed new generation winterization requirements, followed by the Members Committee approving three changes to the stakeholder process.
The PJM Market Implementation Committee endorsed the creation of a fifth cost of new entry area for the Commonwealth Edison zone, as well as two proposals aiming to limit the prospective performance impact of implementing multi-schedule modeling in the market clearing engine.
Voltus withdrew a demand response resource issue charge, while AEP and Dominion proposed a capacity obligation issue charge.
PJM's Market Implementation Committee endorsed one of several packages to create new rules for generators with co-located load and rejected four proposals revising how generators providing reactive power service are compensated.
PJM's Market Implementation Committee discussed potential changes to reactive power compensation and the progress of developing new market clearing engine software.
The PJM MIC endorsed a problem statement and issue charge to explore multi-schedule modeling of combined cycle generators in the market clearing engine.
The PJM MIC endorsed a proposal to increase the maximum number of bids a single corporate entity can place in the RTO’s financial transmission rights auctions.
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