Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability and Members committees 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, Del., covering the discussions and votes. See next Tuesday’s newsletter for a full report.
Markets and Reliability Committee
2. PJM Manuals (9:10-9:25)
Members will be asked to endorse the following proposed manual changes:
A. Manual 13: Emergency Operations. Revisions developed in response to new NERC standards.
B. Manual 37: Reliability Coordination. Revisions developed in response to new NERC standards.
C. Manual 1: Control Center and Data Exchange Requirements. Revisions developed in response to new NERC standards.
3. FERC Order 825 – Shortage Pricing (9:25-9:45)
Members will be asked to endorse the proposed shortage pricing and operating reserve demand curve solution and associated manual revisions. (See “Order 825 Implementation Moves Forward,” PJM Market Implementation Committee Briefs.)
4. Draft Pseudo-Tie Agreements (9:45-10:05)
Members will be asked to endorse a pro forma pseudo-tie agreement and a reimbursement agreement for pseudo-ties into PJM, along with related Tariff and Operating Agreement revisions. (See PJM to Tighten Pseudo-Tie Rules Despite Stakeholder Pushback.)
5. Cost Development Manual Revisions (10:05-10:35)
Members will be asked to endorse revisions to Manual 15 and the Operating Agreement regarding hourly offers and fuel-cost policies. (See PJM Fuel-Cost Policy Changes to Take Effect in May.)
6. Opportunity Cost Calculation (10:35-10:50)
Members will be asked to endorse a proposed problem statement and issue charge by Bob O’Connell of Panda Power Funds regarding calculation of opportunity costs for units with less than three years of historical LMPs. The initiative would evaluate whether the opportunity cost calculator included in PJM’s Markets Gateway produces the same results as that used by the Independent Market Monitor, Monitoring Analytics. It also would consider updating the calculators to reflect the nonperformance penalties under Capacity Performance. (See “Stakeholders Deny Replacement Capacity Initiative; Consider Other Incremental Auction Changes,” PJM Markets and Reliability and Members Committees Briefs.)
7. Modeling Generation Senior Task Force (MGSTF) (10:50-11:00)
Members will be asked to endorse a draft charter for the MGSTF, an outgrowth of the Combined Cycle Owners User Group, which concluded that a more detailed generator model for combined cycle units might also be applicable to other steam units. The task force will consider expanding the model used by PJM to improve the ability to represent components of all generation types.
8. Incremental Auction Senior Task Force (IASTF) (11:00-11:10)
Members will be asked to endorse a draft charter for the IASTF, which will consider changes to the Incremental Auction process and structure, excess capacity sales, and PJM participation in the auctions.
9. Replacement Capacity (11:10-11:40)
Members will be asked to endorse a revised version of a previously rejected problem statement and issue charge regarding procurement of replacement capacity in Reliability Pricing Model Incremental Auctions. (See “Stakeholders Deny Replacement Capacity Initiative; Consider Other Incremental Auction Changes,” PJM Markets and Reliability and Members Committees Briefs.)
Members Committee
There are no items up for endorsement.
— Rory D. Sweeney