PJM Market Implementation Committee (MIC)
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PJM’s Market Implementation Committee passed by acclamation a PJM issue charge seeking to more thoroughly define how storage resources participate in the energy and ancillary service markets.
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PJM, Voltus and the RTO’s Independent Market Monitor presented proposals to establish penalties for demand response and price-responsive demand resources that fail to perform during a pre-emergency load management event.
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The PJM Market Implementation Committee endorsed an issue charge to evaluate whether manual revisions are warranted, among other business conducted in the committee's most recent meeting.
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Among other issues, PJM presented a quick fix proposal to address instances in which offline generators are committed as secondary reserves and granted lost opportunity cost credits.
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The PJM Market Implementation Committee endorsed manual revisions that define how distributed energy resources will participate in the 2028/29 capacity auction.
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The PJM Market Implementation Committee endorsed a package of revisions to Manual 18.
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The PJM Market Implementation Committee voted to endorse two packages of revisions to key parameters of the capacity market out of six offered by PJM and stakeholders that resulted from the Quadrennial Review.
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PJM plans to delay votes on several proposals to revise key capacity market parameters by one month to receive updated cost of new entry values for combustion turbines and combined cycle generators.
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The Market Implementation Committee discussed the significance of PJM falling short of its reliability requirement and other details in the results of the 2026/27 Base Residual Auction.
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PJM presented a first read on a proposal to cap resources committed ahead of the day-ahead market at their cost-based offer, and the committee endorsed an expansion of an offer capping issue charge.
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