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 (9:10-9:20)
Members will be asked to endorse the following proposed manual changes:
A. Manual 14B: PJM Regional Transmission Planning. Revisions developed in response to a change to the NERC glossary of terms to change all occurrences of “special protection system” to “remedial action scheme” and correct wording in the baseline thermal analysis section to match analytical procedures.
3. Energy Market Uplift Senior Task Force (EMUSTF) (9:20-9:40)
Members will be asked to endorse the proposed Phase 3 solution endorsed by the EMUSTF, which would limit increment offers and decrement bids to trading hubs and locations where the settlement of physical energy occurs. It would also limit up-to-congestion trades to zones, hubs and interfaces. (See UTC Trader Displeased with PJM’s Handling of Uplift Rule Changes.)
4. Regulation Market Issues Senior Task Force (RMISTF) (9:40-10:00)
Members will be asked to endorse the proposed regulation market changes endorsed by the RMISTF. The package, proposed by PJM and the Independent Market Monitor, would change rules regarding performance scores, clearing, and settlements.
5. Capacity Construct/Public Policy Senior Task Force (CCPPSTF) (10:00-10:10)
Members will be asked to endorse the draft charter for the CCPPSTF. (See PJM Capacity Task Force Considering 60+ ‘Design Concepts’.)
6. Seasonal Capacity (10:10-10:30)
Members will be presented with a final report of the Seasonal Capacity Resources Senior Task Force, asked to approve sunsetting the task force and endorse proposed revisions to Manual 18: PJM Capacity Market. The manual changes are intended to conform to FERC’s March 21 order approving PJM’s plan for easing the aggregation of seasonal resources so that they can qualify under Capacity Performance rules (ER17-367). (See PJM Outlines Aggregation Rules for Upcoming Capacity Auction.)
Members Committee
Consent Agenda (1:20-1:25)
B. Members will be asked to endorse a proposed shortage pricing/operating reserve demand curve solution and associated Operating Agreement and Tariff revisions. The changes, to comply with FERC Order 825’s directive to allow transient shortages, will add a permanent second step on the demand curve. (See “Shortage Rule Takes Effect amid FERC Silence,” PJM Market Implementation Committee Briefs.)
1. Manual 15 – Fuel Cost Policies (1:25-1:45)
Members will be asked to endorse proposed revisions to Manual 15: Cost Development Guidelines related to fuel cost policies. (See PJM Fuel-Cost Policy Changes to Take Effect in May.)
– Rory D. Sweeney