September 29, 2024

Virtual Transactions

Members Committee Approvals
The PJM Members Committee approved the following changes by acclimation at its annual meeting on May 16, 2013.
MIC OKs UTC Credit Requirement
The Market Implementation Committee endorsed a first-ever credit requirement for up-to-congestion transactions. The new rule, a consensus resulting from 12 C...
Back to the Drawing Board on FTR Forfeitures for Incs, Decs
PJM and its Market Monitor still don’t agree on how the Financial Transmission Rights forfeiture rule should be applied. But they have at least reached conse...
MRC Defines UTCs; Adds Bid Limit and FTR Forfeiture Rule
Up-to congestion transactions were in the spotlight Thursday as the Markets and Reliability Committee: Approved a definition of UTCs and a limit on trading...
PJM Proposes Operating Reserve Changes to Cut Uplift
PJM called Thursday for a broad review of its method of providing Operating Reserve payments, saying changes were needed to reduce growing uplift costs. Ope...
PJM May Bar Some Financial Players from Trading – UPDATE
PJM announced April 11 that it will deny most trading privileges to market participants unable to qualify for the Dodd-Frank exemption approved by the CFTC.
CFTC Approves Dodd-Frank Exemption for RTOs
By Rich Heidorn Jr. PJM Insider WASHINGTON  (April 2, 2013) — The Commodity Futures Trading Commission agreed Thursday to exempt PJM market transactions fro...
PJM, Monitor in Stalemate on FTR Forfeiture Rule
WILMINGTON (April 2, 2013) — PJM officials were left scratching their heads Thursday after stakeholders rejected the RTO’s tariff changes for determining whe...
Facing Opposition, PJM Delays UTC Cap Pending Broader Review
By Rich Heidorn Jr. PJM Insider Wilmington – PJM’s proposal to limit Up to Congestion (UTC) bids stalled at the Markets and Reliability Committee Thursday, ...

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