Mike Kormos, executive vice president – Operations, and Andy Ott, executive vice president – Markets, gave their Year in Review presentations at the PJM Annual Meeting of Members in Atlantic City Tuesday afternoon.
Kormos discussed the differences between the winter of 2014 and the winter of 2015.
PJM set a new wintertime peak demand record of 143,086 megawatts the morning of Feb. 20, 2015, surpassing the previous record of 142,863 MW set Jan. 7, 2014. Kormos noted that, while the temperatures were colder in 2015, the wind chills were much colder in 2014. That affected both demand and the ability of some generator units to start.
“It was quiet; it was the summer that almost didn’t exist. The peak was very early – in June – and for the first time that we know of, the first time that I can remember, the yearly peak occurred in the winter and not the summer.”
Kormos mentioned the amount of generation scheduled to be retired in a calendar year (12,532 MW between June 1, 2014 and June 1, 2015) and the work of PP&L and PSE&G to build the Susquehanna-Roseland transmission line, the last section of which was energize on May 11. That transmission line was built to address PJM’s studies to preserve reliability and relieve congestion on other regional transmission lines.
He also spoke to importance of PJM’s Regional Transmission Planning Process, both in the short term and long-term projects that will address the efficiency and reliability upgrades across the PJM footprint.
Ott touched on a number of topics – including improved market results, the clean power plan evaluation, interregional coordination, distributive resources, gas/electric coordination and stakeholder interactions.
He also noted the uncertainty in the markets going forward because of issues such as the Supreme Court’s decision to undertake the EPSA demand response case and Capacity Performance that affect PJM and the nation’s other RTOs.
FTR and Uplift
Ott said that PJM is trying to get FTR payouts as close to 90 percent as possible. He added that PJM wants to reduce uplift charges.
“We understand the concerns of members,” he said, “ and we’re going to attempt to remove uplift to the best extent possible.”
In 2014, PJM saw an increase in the number of participants in training. Ott highlighted the successful introduction of the Day-Ahead Market Simulator and the increase of interactive training techniques in our curriculum.
pjm.com and Meeting Center
PJM began redesign of its website, including streamlining and reorganizing material on pages for easy scanning. In June, PJM will launch the Meeting Center on pjm.com to make it easier to register for meetings and view meeting materials. All with a goal to make it easier to do business with PJM.
Ott said PJM also rededicated itself to customer service and pointed to the new PRiDE customer serviced initiative.
“We are a customer-focused organization. It is part of our culture,” he said.