reserve requirement study (RRS)
A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings.
PJM's Operating Committee recommended high winter weekly reserve target values due to the inclusion of data from December 2022’s Winter Storm Elliott.
The PJM Markets and Reliability Committee rejected a proposal to change the rules for how generators with co-located load may enter into the capacity market during its Oct. 25 meeting.
PJM's Markets and Reliability Committee and Members Committee will meet Oct. 25, with potential votes on creating a fifth cost of new entry area for the Commonwealth Edison zone in Illinois, the 2023 Reserve Requirement Study and capacity offers for generators with co-located load.
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 reported that synchronized reserve resource operators have reported several reasons for shortfalls in their response rates, including operating under a ruleset FERC rejected last year.
PJM's Markets and Reliability Committee endorsed issue charges, opening stakeholder discussions on generator deactivation timelines and a potential overhaul of the reserve markets during its Sept. 20 meeting.
PJM members recommended various avenues for the RTO's Board of Managers to consider as it weighs a possible FERC filing incorporating components of proposals made during the critical issue fast path process.
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.
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