PJM updated stakeholders on how it will proceed in the wake of a 3rd Circuit ruling vacating a FERC order allowing the RTO to revise a parameter after bids had been received for the 2024/25 Base Residual Auction.

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.

A group of demand response providers in PJM proposed adding two hours to the availability window that binds when the resource can be deployed by the RTO.

PJM proposed changes to how it measures and verifies the capacity contribution of energy efficiency resources, drawing concerns the RTO is moving too fast to implement changes ahead of the next capacity auction.

Legislators in five states in PJM have filed similar bills that would require regulated utilities to submit all of their stakeholder votes publicly with state regulators.

PJM said the grid maintained reliability through nearly a week of harsh winter conditions during the winter storm that blanketed much of the nation in mid-January.

PJM's Members Committee is slated to consider endorsing an overhaul to the RTO's regulation market with one price signal and two products representing a resource’s ability to adjust their output up or down.

The PJM MRC and MC both endorsed a proposal to rework the regulation market to operate with a single price signal and two products provided by market sellers.

The PJM Markets and Reliability Committee will consider endorsement of two competing proposals to implement multi-schedule modeling, while the Members Committee will endorse representatives for the Finance Committee.