Category: Settlements

FTR takes center stage at MIC

What comes next for financial transmission rights issues was the center of several lengthy discussions at the Feb. 7 Markets Implementation Committee meeting. Brian Chmielewski, PJM senior analyst – Market Simulation, presented education on FTR nodal remapping and on long-term…

MIC looks at gas pipelines and FERC 

PJM and its stakeholders looked at issues associated with gas pipeline contingencies and actions by the Federal Energy Regulation Commission as they engaged in a number of discussions at the Market Implementation Committee meeting Jan. 10. Rich Brown, manager –…

PJM holding price formation education sessions

PJM has initiated a stakeholder process to enhance energy price formation, as described in PJM’s paper Proposed Enhancements to Energy Price Formation and the related problem statement and issue charge. All three will be discussed at the Dec. 7, 2017,…

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…

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…

Members OK TEAC Redesign

PJM members approved several different revisions to the Operating Agreement and PJM President and CEO Andy Ott thanked members for their work with PJM in conjunction with PJM’s 90th anniversary at the Sept. 28 Members Committee meeting. PJM was founded…

Education Sessions on Intraday Offers, Offer Cap Verification

In response to stakeholder feedback, PJM is offering two education sessions for members on market implementation issues in September. There will be an education session on intraday offers on Friday, Sept. 15, from noon until 4 p.m. and an offer…

Intraday Offer Discussions Highlight MIC Agenda 

Wednesday was a big day for the PJM manual that deals with Energy and Ancillary Markets as the Market Implementation Committee spent most of its meeting discussing language that will change it in various fashions. In a full day of…

MC Webinar Covers Dispatch Pilot, Resilience

PJM announced Monday at the Members Committee Webinar that it is continuing its pilot to improve efficiency in how generation is dispatched. At the Market Implementation Committee meeting on July 12, PJM presented its plan to reduce the real-time security…

New Fuel Cost Policy Page on pjm.com

PJM launched today a Fuel Cost Policy page on pjm.com to provide market sellers with a convenient location to access up-to-date information, deadlines and documents related to the submission and approval process for fuel cost policies. The deadline to submit…