Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee 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 in Wilmington covering the discussions and votes. See next Tuesday’s newsletter for a full report.
Markets and Reliability Committee
2. PJM Manuals (9:10-9:30)
Members will be asked to endorse the following manual changes:
A. Manual 36: System Restoration — Annual review. Adds detail about when PJM assumes control and when it returns to normal operation. Also adds guidance on completion of interconnection checklist. Effective: June 15.
B. Manual 03: Transmission Operations — Updates index and operating procedures for PJM RTO operation (nuclear station voltage limits, operation procedures with neighboring systems and operation procedures for AEP, ComEd, Dominion, PPL, UGI, PSEG and PECO.) Effective: June 1.
C. Manual 38: Operations Planning — Makes minor changes due to system upgrades and specifies periodic review of IROL facilities. Updates the study process for transmission reliability analysis procedure. Effective: June 1.
3. TIMING OF DAY-AHEAD MARKET (9:30-9:45)
The committee will be asked to approve a problem statement and issue charge to review options for moving the day-ahead energy market and reliability unit commitment timelines in response to the Federal Energy Regulatory Commission’s final rule on gas schedules. PJM must make a compliance filing in response to the order by July 23. Discussions would take place at the MRC. (See PJM Considering Change to Day-Ahead Deadlines in Response to FERC Gas Schedule Order and related story, PJM, IMM Considering Changes to Virtual Trades, Day-Ahead Market.)
4. INTERIM FEE FOR VIRTUAL TRANSACTIONS (INCs/DECs and UTCs) (9:45-10:30)
Members will be asked to approve a proposal by Inertia Power to impose a temporary uplift fee of $0.07/MWh for increment offers, decrement bids and up-to-congestion bids. The proposal would expire in six months or upon FERC approval of an alternative. Transactions placed between September 2014 and the effective date of the filing would not be affected.
The proposal is in response to a Section 206 proceeding ordered by FERC to determine whether PJM is improperly treating UTCs differently from INCs and DECs. Sponsor Noha Sidhom, who announced the proposal at last month’s MRC meeting, has removed a provision limiting the fees to netted transactions. (See Cool Response to 7-Cent Fee on Virtual Transactions.)
— Suzanne Herel