June 15, 2024

synchronized reserves

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PJM OC Briefs: June 6, 2024

PJM presented its Operating Committee with a set of revisions to Manual 12 regarding fuel assurance requirements for black start resources.

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PJM, Monitor Seek to Revise Reserve Requirements and Dispatching
The Reserve Certainty Senior Task Force is considering proposals from PJM and the Independent Market Monitor aimed at improving the performance of reserve resources by increasing electronic signaling and providing more flexibility around reserve procurement targets.
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PJM Monitor Finds Markets Overall Competitive
Average load-weighted electricity prices in PJM fell by around half in 2023, the Independent Market Monitor said in its annual State of the Market Report.
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PJM OC Briefs: Oct. 5, 2023
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.
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PJM OC Briefs: Sept. 7, 2023
PJM's Operating Committee delayed a vote on manual revisions aimed at reducing the circumstances under which the RTO would provide advance notice of when it will be sharing confidential member information with third parties.
PJM OC Briefs: Aug. 10, 2023
PJM discussed the response to the July heatwaves and proposed changes to manual language around how synchronized reserves are deployed during the Operating Committee meeting.
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PJM MRC/MC Briefs: July 26, 2023
PJM's Markets and Reliability Committee discussed proposed issue charges on generator deactivations and reserve certainty, while the Members Committee endorsed a cost recovery structure for investments to comply with IROL-CIP requirements.
PJM Recounts Emergency Conditions, Actions in Elliott Report
PJM released a report on the December 2022 winter storm detailing its emergency actions and recommended changes to its markets and operations to limit the impact of future severe weather.
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PJM OC Briefs: May 11, 2023
The RTO has doubled its synchronized reserve requirement to account for diminished performance since the implementation of the reserve market overhaul.
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Synchronized Reserve Pricing Falls in PJM Markets After Overhaul
Synchronized reserves have seen a drop in prices since PJM implemented market overhauls at the start of October, the RTO says.

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