Category: Capacity Market

PJM proposes enhancements to electric energy price formation

PJM today released a proposal to ensure that its wholesale electricity market prices do the best possible job of reflecting the resources required to serve customers and of maintaining an optimal mix of resources in the long term. In the…

IMM finds PJM competitive

The Independent Market Monitor for PJM Interconnection, Monitoring Analytics, LLC, found PJM’s wholesale electric energy, capacity and regulation markets produced competitive results during the first nine months of 2017, according to its 2017 Quarterly State of the Market Report for…

MIC moves price responsive demand proposals forward

On Nov. 8, after a lengthy discussion, stakeholders at the Market Implementation Committee voted to move two proposals on price responsive demand further along in the stakeholder process. The Demand Response Subcommittee developed several price responsive demand proposals, which would…

Members discuss PJM, IMM Capacity Proposals

PJM and Monitoring Analytics, PJM’s independent market monitor, presented updates to the Capacity Construct/Public Policy Task Force in a somewhat abbreviated session Nov. 1. The IMM’s proposal was the only that differed from those presented at the previous task force…

PJM Moves to Intraday Offers

On Nov. 1, PJM introduced intraday offers to its Energy Market, the result of a directive from the Federal Energy Regulatory Commission to provide the ability for market participants to offer bids during the day. Intraday offers permit more flexibility…

PRD, Resource Adequacy among MRC Topics 

In a morning filled with debates – some lengthy – PJM and stakeholders discussed how the Capacity Performance construct will accommodate price responsive demand at the Markets & Reliability Committee meeting Oct. 26. The Demand Response Subcommittee has developed several…

PJM Presents Possible FERC Comments to Stakeholders at Special MRC

How PJM will answer the Department of Energy’s proposal to “ensure that certain reliability and resiliency attributes of electric generation resources are fully valued” was at the heart of a special Markets & Reliability Committee conference call on Oct. 19….

Task Force Updates Capacity Construct Proposals

PJM and stakeholders reviewed updated proposals at the Capacity Construct/Public Policy Senior Task Force meeting on Oct. 16. Some stakeholders suggested that the task force should slow down its work in light of the Department of Energy’s letter and notice…

First Reads Dominate MIC Agenda

Education dominated the Market Implementation Committee meeting Oct. 11, as PJM and stakeholders delved into a number of multi-layered issues, ranging from price responsive demand to five-minute settlements and including credit to fuel cost policy updates to market path/interface pricing…