Below is a summary of the agenda items scheduled to be brought to a vote at the PJM Members Committee special meeting Wednesday and Markets and Reliability Committee meeting 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.
Members Committee
Endorsements (2:10-5:00)
Stakeholders will discuss and vote on 20 proposals Wednesday, considering packages that seek to overhaul the PJM capacity market through the critical issue fast path process (CIFP) initiated by the board in February. Voting will not follow the MC’s usual truncated protocol — in which voting ceases after a package garners sector-weighted support — and stakeholders instead will vote on each proposal in turn. The committee’s support of the packages will serve as recommendations to the PJM Board of Managers, indicating how the membership feels the board should proceed in its aim of directing PJM to make a FERC filing with changes to the capacity market in October.
Markets and Reliability Committee
Consent Agenda (9:05-9:10)
B. Endorse proposed revisions to Manual 13: Emergency Operations to address requirements in NERC’s EOP-011 standard.
Endorsements (9:10-9:50)
- Enhancements to Deactivation Rules Issue Charge (9:10-9:50)
PJM’s Paul McGlynn will present a problem statement and proposed issue charge, drafted in conjunction with the Independent Market Monitor, seeking to initiate a stakeholder discussion looking at PJM’s generation deactivation process. The proposed scope includes potentially increasing the deadline for generators to notify PJM of their plans to deactivate, the compensation level for generation owners that agree to continue operating their resources through reliability-must-run contracts and the triggers for offers a generator such a contract. (See “PJM and Monitor Present Generation Deactivation Issue Charge,” PJM MRC/MC Briefs: July 26, 2023.)
The committee will be asked to approve the proposed issue charge.
- Peak Market Activity (9:50-10:15)
PJM’s Yong Hu will present a proposal and corresponding tariff revisions addressing peak market activity credit requirements. The language was endorsed by the Risk Management Committee.
The committee will be asked to endorse the proposed solution and corresponding tariff revisions.
Issue Tracking: Peak Market Activity Credit Requirement
