operating reserve demand curve (ORDC)
ERCOT stakeholders endorsed the charter and leadership for a task force that will report to the Technical Advisory Committee and provide recommendations on real-time co-optimization and energy storage resources’ state of charge.
During its first open meeting since the recently concluded legislative session, the Public Utility Commission of Texas discussed its next steps in changing the ERCOT market.
The PJM Market Implementation Committee overwhelmingly voted to endorse manual revisions to put limits on when generators can submit real-time values.
ERCOT stakeholders have thrown their support behind staff’s recommended changes to the ORDC that will serve as a bridge to regulators' proposed market design.
ERCOT is looking at a revised operating reserve demand curve and additional ancillary services to bridge the proposed performance credit mechanism.
ERCOT stakeholders have scheduled three workshops to reach agreement with staff on bridging alternatives until a market redesign is in place.
Synchronized reserves have seen a drop in prices since PJM implemented market overhauls at the start of October, the RTO says.
ERCOT’s Board of Directors has resolved one of two contentious issues between staff and stakeholders, setting the other aside for the time being.
PJM responded to its Market Monitor’s latest recommendations, noting that many of the issues are in the scope of current stakeholder discussions.
PJM highlighted the release of the second phase of its multiyear study to examine the impacts of a system with more renewable energy at its Annual Meeting.
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