Below is a summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability and Members committees on Thursday. 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 in RTO Insider.

RTO Insider will be covering the discussions and votes. See next Tuesday’s newsletter for a full report.

Markets and Reliability Committee

Consent Agenda (9:05-9:10)

B. The MRC will be asked to endorse updates to Manual 3: Transmission Operations incorporating clarifying changes resulting from its periodic review. (See “Manual Endorsements,” PJM Operating Committee Briefs: Nov. 6, 2020.)

C. The committee will be asked to endorse proposed revisions to Manual 3A: Energy Management System Model Updates and Quality Assurance resulting from its periodic review. PJM said the changes include correcting grammatical mistakes and updating references to the behind-the-meter generation rules that took effect in September 2019. (See “Manual First Reads,” PJM OC Briefs: Oct. 8, 2020.)

D. Members will be asked to endorse proposed revisions to Manual 10: Pre-Scheduling Operations to incorporate clarifying changes resulting from its periodic review.

E. The MRC will be asked to endorse proposed revisions to Manual 11: Energy & Ancillary Services Market Operations and Manual 12: Balancing Operations to address changes related to five-minute dispatch and pricing. The revisions are designed to increase transparency and conform to the current PJM process for calculating LMPs. (See “Manual 11 Revisions Endorsed,” PJM MIC Briefs: Nov. 5, 2020.)

F. Members will be asked to endorse proposed revisions to Manual 14D: Generator Operational Requirements to incorporate changes resulting from its periodic review. (See “Manual Changes Endorsed,” PJM OC Briefs: Oct. 8, 2020.)

G. The committee will be asked to endorse a minor correction to Manual 18: PJM Capacity Market regarding an effective date for notifying pseudo-tied resource owners of their assigned locational deliverability area prior to each delivery year. The revision was endorsed as a “quick fix” at last month’s Market Implementation Committee meeting following a discussion in which some members objected to the process and suggested further talks on lingering pseudo-tie issues. (See “Manual 18 Update,” PJM MIC Briefs: Oct. 7, 2020.)

Endorsements/Approvals (9:10-9:20)

1. Day-Ahead Schedule Reserve (DASR) Update (9:10-9:20)

Stakeholders will be asked to endorse the final proposed changes to the 2021 day-ahead scheduling reserve (DASR) requirement. PJM said the final 2021 DASR requirement is 4.74%, slightly lower than the 2020 requirement of 5.07%. (See “Day-ahead Scheduling Reserve Endorsed,” PJM Operating Committee Briefs: Nov. 6, 2020.)

Members Committee

Consent Agenda (10:30-10:35)

B. The MC will be asked to endorse revisions to Manual 15: Cost Development Guidelines resulting from its biennial periodic review process.

B. Stakeholders will be asked to endorse the installed reserve margin (IRM) and forecast pool requirement (FPR) values included in the 2020 Reserve Requirement Study results. PJM is recommending an IRM of 14.4%, down from 14.8% in 2019. The FPR is essentially the same as 2019, at 1.0865 (8.65%) instead of 1.086 from the previous year. The study determines the IRM and FPR for 2021/22 through 2023/24 and establishes the initial values for 2024/25. The results are based on the 2020 capacity model, load model and capacity benefit of ties. (See “IRM Study Results Endorsed,” PJM MRC/MC Briefs: Oct. 29, 2020.)