Below is a summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings 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.
Markets and Reliability Committee
Consent Agenda (9:05-9:10)
The committee will be asked to endorse as part of its consent agenda:
B. proposed revisions to Manual 12: Balancing Operations resulting from the manual’s periodic review;
C. proposed revisions to Manual 14C: Generation and Transmission Interconnection Facility Construction; and
D. proposed revisions to Manual 37: Reliability Coordination.
Endorsements (9:10-9:50)
1. Periodic Review of Default CONE and ACR Values (9:10-9:30)
PJM’s Skyler Marzewski will review the proposed default cost of new entry (CONE) and avoidable-cost rate (ACR) values resulting from the Quadrennial Review. The values for most resource types would rise under the proposal, largely from changes to investment tax credits under the Inflation Reduction Act and to the reference resources for some classes, based on last month’s first read. (See “Updated Default CONE and ACR Figures,” PJM MRC/MC Briefs: Feb. 23, 2023.) The committee will be asked to give an advisory vote on the values, as well as corresponding tariff revisions.
Issue Tracking: Periodic Review of Default CONE and ACR Values
2. Manual 11 Revisions (9:30-9:50)
PJM’s Joseph Tutino will review proposed revisions to Manual 11: Energy and Ancillary Services Market Operations, and the committee will be asked to endorse them.
Members Committee
Endorsements (11:10-11:30)
1. Periodic Review of Default CONE and ACR Values (11:10-11:30)
Marzewski will again review the proposed default CONE and ACR values, and the committee will be asked to give an advisory vote on the values and tariff revisions.
If approved by both committees, PJM anticipates filing the changes with FERC by the end of the first quarter with an effective date in November.
Issue Tracking: Periodic Review of Default CONE and ACR Values
