Tag: Markets

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…

OC reviews resilience, summer performance, winter prep

PJM and stakeholders reflected on the change of seasons at the Operating Committee meeting Tuesday, reviewing the summer peaks and previewing winter preparations. Operations Planning also presented information on resilience planning related to gas/electric coordination. Dave Souder, director – Operations…

MIC Looks at Balancing Ratio, Kentucky EE

PJM presented a proposal to address the average balancing ratio used in the base residual auction at the Market Implementation Committee Sept. 15. The balancing ratio is calculated during a performance assessment hour to determine each generation capacity resource’s obligation…

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…

PJM Offers Ideas on Carbon Pricing

PJM released its most recent working paper addressing carbon pricing approaches, Advancing Zero Emissions Objectives through PJM’s Energy Markets: A Review of Carbon-Pricing Frameworks. PJM produced this working paper in order to provide more detail on how state carbon policies…

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…

MRC Talks Next Phase for Seasonal Capacity Resources

Stakeholders at the Markets and Reliability Committee on July 27 launched the next phase of the debate on how seasonal capacity resources can participate in non-capacity markets. Pete Langbein, manager – Demand Response Operations, introduced a proposed problem statement and…

Stakeholders Vet Complex Issues at July MIC

A number of complex issues, such as Federal Energy Regulatory Commission’s Order 825 on shortage pricing, intraday offers and energy efficiency resources, topped the agenda at the July 12 Markets Implementation Committee meeting. Stakeholders engaged in extended discussion, for example,…

PJM Updates Possible Stability Solutions  

PJM has updated its analysis, “Stability Project Beneficiary Identification Alternatives,” which it developed at the direction of the PJM Board. PJM provides this revised white paper to address several specific issues raised by PJM stakeholders at the June 9, 2017,…

MC Passes Biddable Node Language

On June 22, the Members Committee passed changes to the PJM tariff and Operating Agreement related to eligible biddable nodes. The proposal, Phase 3 of the work of the Energy Market Uplift Senior Task Force, passed in a sector-weighted vote…