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 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 discussed the response to the July heatwaves and proposed changes to manual language around how synchronized reserves are deployed during the Operating Committee meeting.
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 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.
The PJM Markets and Reliability Committee voted to reject manual changes on the synchronized reserve requirement.
The PJM Markets and Reliability Committee and Members Committee have a list of items to consider at their meetings Wednesday.
The RTO has doubled its synchronized reserve requirement to account for diminished performance since the implementation of the reserve market overhaul.
The PJM Market Implementation Committee overwhelmingly voted to endorse manual revisions to put limits on when generators can submit real-time values.
Synchronized reserves have seen a drop in prices since PJM implemented market overhauls at the start of October, the RTO says.
Want more? Advanced Search