variable resource requirement (VRR) curve
When stakeholders begin considering potential changes to PJM’s demand curve next month, one of the main debates will likely center on whether combustion turbines should remain the reference technology for estimating the cost of new entry be replaced by combined-cycle gas turbines.
PJM said the changes to the variable resource requirement curve and related pricing inputs were necessary to meet evolving market conditions.
FERC rejected a request from IMEA for an extended waiver that would allow it to use capacity resources outside of the ComEd LDA to meet its internal resource requirement in serving its load.
A summary of the issues scheduled for votes at the PJM MRC and MC on 01/22/15. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.
PJM members deadlocked last week on changes to capacity market parameters with none of five proposals winning a supermajority.
Our summary of the issues scheduled for votes at the PJM MRC and MC on 08/21/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.
PJM proposed changing the demand curve to be used in the 2015 Base Residual Auction, while recommending the RTO continue using a combustion turbine as the model for determining the Cost of New Entry (CONE).
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