Energy Market
PJM is adding more items to the to-do list resulting from the September heat wave, during which officials ordered limited load sheds to prevent a wider transmission collapse.
Below is a summary of 11 new recommendations resulting from PJM’s final report on the September 2013 heat wave. This is in addition to 11 recommendations made immediately after the events of Sept. 9-11.
PJM overcame the loss of nearly 40,000 MW of generation yesterday, keeping the lights on in the second day of an arctic blast that set a new winter demand record.
PJM operators dispatched demand response this morning after cutting voltages and calling on spinning reserves last night as frigid temperatures stressed generators and created record loads across the RTO.
PJM began offering new ways to download energy price data from the PJM website with the introduction of a “data miner” application.
The cost of complying with upcoming ghg rules will depend on the role of energy efficiency and the choice of “blended” or fuel-specific emission standards, speakers told a high-profile forum in Washington.
Members approved a proposal giving PJM more flexibility in the way it dispatches demand response, clearing the way for a FERC filing.
No one spoke up when Market Monitor Joe Bowring opened the floor to stakeholders in the Monitor's annual Advisory Committee meeting Friday. But Bowring and his staff took the opportunity to renew their case for eliminating “sham” scheduling and changing PJM rules on opportunity costs.
Looming coal retirements will boost on-peak energy prices in eastern PJM by at least $3/MWh -- with a jump of as much as $11/MWh in the first five years -- according to a newly-released study.
The Market Implementation Committee will consider changes to PJM’s real-time pricing mechanism, which RTO officials say is depressing energy and reserve prices.
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