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 March 20. 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 week’s newsletter for a full report.
Markets and Reliability Committee
Consent Agenda (9:05-9:10)
As part of its consent agenda, the MRC will be asked to endorse:
B. proposed revisions to Manual 11: Energy and Ancillary Services Market Operations to conduct more regular reviews of interface pricing points. The changes would add a definition of interface pricing points, which group buses together when calculating LMPs for energy transfers between external areas and establish an annual review of power flow impacts on each interface. (See “Other Committee Business,” PJM MIC Briefs: March 6, 2024.)
Issue Tracking: Interface Pricing Points Review
C. proposed revisions to Manual 12: Balancing Operations identified through the document’s periodic review. The new language would seek to align with real-time market operations detailed in Manual 11 and add detail to hybrid resource market parameters. (See “Periodic Review Manual Revisions Endorsed,” PJM OC Briefs: March 7, 2024.)
D. proposed revisions to Manual 37: Reliability Coordination including administrative changes identified through periodic review and reflecting changes to NERC standards FAC-011 and FAC-014. (See “Periodic Review Manual Revisions Endorsed,” PJM OC Briefs: March 7, 2024.)
Endorsements (9:10-11:35)
- Governing Document Clarifying Revisions (9:10-9:30)
PJM’s Michele Greening will present proposed revisions to PJM’s governing documents endorsed by the Governing Documents Enhancements and Clarifications Subcommittee (GDECS) last month. Greening told the committee in February that most of the revisions are clarifications and corrections, though some stakeholders have argued that several changes are more significant than are typically made through the GDECS. (See “Other MRC Business,” PJM MRC/MC Briefs: Feb. 22, 2024.)
The committee will be asked to endorse the revisions to the tariff, Reliability Assurance Agreement and Operating Agreement.
- Demand Response Window (9:30-9:55)
Bruce Campbell, principal of Campbell Energy Advisors representing demand response providers, will present a quick-fix proposal to extend the availability window for DR resources by two hours during the winter to reflect expanded ability for load to respond in the evening hours and to align with changes made to PJM’s market structure following the Critical Issue Fast Path (CIFP) process. (See “Demand Response Providers Seek Expanded Availability,” PJM MRC/MC Briefs: Feb. 22, 2024.)
The committee will be asked to approve the proposed issue charge and endorse the proposed solution to key work activity 2 using the quick-fix process outlined in Manual 34, which allows an issue charge and proposed solution to be voted on concurrently.
- Manual 18B: Energy Efficiency Measurement and Verification (9:55-10:45)
The committee will be asked to endorse one of the following proposed packages of revisions to Manual 18B: Energy Efficiency Measurement and Verification.
A. PJM’s Pete Langbein will present the main motion to revise how the RTO measures and verifies the capacity offered by energy efficiency resources. Prior to endorsement from the Market Implementation Committee on March 6, Langbein told stakeholders the manual revisions would clarify which basepoint EE providers should use to measure the energy savings associated with a resource and require that they possess exclusive rights to offer those savings into the capacity market and that they can demonstrate installation of more efficient equipment was completed. (See PJM MIC Briefs: March 6, 2024.)
B. CPower’s Ken Schisler will present an alternative motion offering a proposal seeking to resolve several concerns that EE providers laid out during the March MIC meeting, including the requirement that an EE installation be causally linked to the capacity market and a three-year limit on the eligibility for technical reference manuals be used to compare the energy use of new technologies against.
C. Affirmed Energy’s Luke Fishback will present an alternative motion that seeks to resolve issues with the PJM proposal, which Fishback told the MIC could result in large amounts of EE being unable to offer into future auctions.
Issue Tracking: Evaluation of Energy Efficiency Resources
- Capacity Obligations for Forecasted Large Load Adjustments Issue Charge (10:45-11:10)
Old Dominion Electric Cooperative’s Michael Cocco will present revisions to the issue charge framing an ongoing stakeholder discussion on how capacity obligations arising from forecasted large load adjustments should be assigned to electric distribution companies. The proposal would add language to the in-scope section of the issue charge to include changes to Manual 19 to add details on how load-serving entities forecast large load additions and how those are then incorporated into PJM’s load forecasted. (See “1st Read of Proposal on Capacity Obligations Resulting from Large Load Additions,” PJM MIC Briefs: March 6, 2024.)
The committee will be asked to approve the amendments to the issue charge on first read.
Issue Tracking: Capacity Obligations for Forecasted Large Load Adjustments
- Forecast Pool Requirement and Installed Reserve Margin (11:10-11:35)
PJM’s Patricio Rocha Garrido will present revised installed reserve margin (IRM) and forecast pool requirement (FPR) values for the 2025/26 delivery year to reflect changes to the RTO’s risk modeling and generation accreditation processes following FERC approval of market changes in docket ER24-99 resulting from the CIFP process. The recommended IRM is 17.8% — up from the 17.7% IRM the MRC endorsed in October — and the recommended FPR value is 0.9387, down from 1.1170. (See “Recommended Values for 2023 Reserve Requirement Study,” PJM MRC Briefs: Oct. 25, 2023.)
The committee will be asked to endorse the results upon first read. Same-day endorsement may be sought at the MC.
Members Committee
Endorsements (2:10-2:25)
- Forecast Pool Requirement and Installed Reserve Margin (2:10-2:25)
PJM’s Patricio Rocha Garrido will present the updated FPR and IRM figures for the 2025/26 delivery year discussed at the MRC. The MC may be asked to endorse the results upon first read.
