Below is a summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Wednesday. 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. Stakeholders will be asked to endorse the 2021 reserve requirement study (RRS) results for the installed reserve margin (IRM) and the forecast pool requirement (FPR). The study was unanimously endorsed at the Oct. 5 Planning Committee meeting. (See “Reserve Requirement Study Endorsed,” PJM PC/TEAC Briefs: Oct. 5, 2021.)
C. The committee will be asked to endorse proposed updates addressing behind-the-meter generation (BTMG) business rules on status changes and corresponding revisions to Manual 14D, Manual 14G and the tariff. The updates were developed in special sessions of the Market Implementation Committee. (See “Manual 14G Updates Endorsed,” PJM PC/TEAC Briefs: Aug. 31, 2021 and “Manual 14D Endorsed,” PJM Operating Committee Briefs: Sept. 10, 2021.)
D. Members will be asked to endorse proposed revisions to Manual 15: Cost Development Guidelines, the Operating Agreement and the tariff to address incremental and no-load energy offers. The Cost Development Subcommittee proposed revising the no-load cost and incremental energy offer definitions to clearly define what costs can be included, including operating costs, tax credits and emissions allowances. (See “Manual 15 Revisions Endorsed,” PJM MIC Briefs: Sept. 9, 2021.)
E. Stakeholders will be asked to endorse the proposed solution and manual revisions to address the calculation of the energy efficiency add-back in Reliability Pricing Model auctions. The proposal, which called for modified language to section 2.4.5 of Manual 18 to reflect revisions to the EE add-back method, was endorsed at the Oct. 6 MIC meeting. (See “Energy Efficiency Add-back Endorsed,” PJM MIC Briefs: Oct. 6, 2021.)
Endorsements (9:10-10:55)
1. Resource Adequacy Senior Task Force Charter (9:10-9:35)
The committee will be asked to approve the proposed charter to create a new senior task force to discuss topics related to resource adequacy listed in an April 6 letter from the Board of Managers and to recommend possible changes to the capacity market. (See “Resource Adequacy Charter,” PJM MRC Briefs: Sept. 29, 2021.)
3. Undefined Regulation Mileage Ratio Calculation (9:35-10)
Members will be asked to endorse PJM’s proposal to change the undefined regulation mileage ratio calculation in Manual 28 and the tariff. The proposal will also be voted on at the MC meeting on the same day. If the proposals fails, stakeholders will be asked to vote on a separate proposal from the Independent Market Monitor. (See “Regulation Mileage Ratio Calculation Endorsed,” PJM MIC Briefs: Sept. 9, 2021.)
4. ARR/FTR Market Task Force Update (10-10:35)
Stakeholders will be asked to endorse a joint PJM-stakeholder proposal with corresponding manual and tariff revisions to address the RTO’s auction revenue rights and financial transmission rights. The proposal was endorsed at the October MIC meeting. (See “ARR/FTR Market Task Force Proposal,” PJM MIC Briefs: Oct. 6, 2021.)
5. Max Emergency Revisions (10:35-10:55)
The committee will be asked to endorse proposed revisions to Manual 13: Emergency Operations addressing the maximum emergency category. Stakeholders are being asked to endorse the revisions upon first read.
Members Committee
Endorsements (1:45-2:55)
1. Initial Margining Solution (1:45-2:15)
Stakeholders will be asked to endorse proposed tariff revisions on rules related to initial margining that close out the work of the Financial Risk Mitigation Senior Task Force (FRMSTF). A joint proposal from Perast Capital and Duke Energy was endorsed at the September MRC meeting after hours of debate. (See PJM Stakeholders Endorse Initial Margining Proposal.)
3. Manual 34 Revisions (2:35-2:55)
The committee will be asked to approve proposed revisions to Manual 34: PJM Stakeholder Process addressing the inclusion of forums as a stakeholder body. The revisions were originally discussed at the Stakeholder Process Forum and presented for a first read at the September MC meeting. (See “Manual 34 Revisions,” PJM MRC/MC Briefs: Sept. 29, 2021.)
