PJM Market Implementation Committee (MIC)
PJM revised its proposed review of its ARR and FTR markets as stakeholders decide whether to put work on the issue on hiatus until a report is completed.
Stakeholders endorsed a PJM proposal to resolve issues in five-minute dispatch and pricing but urged the RTO to continue seeking solutions.
The PJM MIC endorsed an initiative to update the RTO’s business rules to accommodate co-located generation and energy storage hybrid resources.
The MIC will choose between a PJM proposal and one from the Monitor to resolve pricing and dispatch misalignment issues in the fast-start pricing plan.
PJM officials have revised some of their proposed rules for applying the MOPR to state default service procurements in response to stakeholder feedback.
PJM and its Monitor shared with stakeholders their proposals for responding to FERC’s directive that state default service auctions be subject to the MOPR.
The Market Implementation Committee held discussions on credit requirements and stability-limited generators, and received updates on the ARR/FTR Market Task Force and the nGEM project.
PJM backed off plans to seek a vote on short-term changes to its 5-minute dispatch and pricing procedures after pushback from the Monitor and stakeholders.
PJM officials told stakeholders that revised calculations show lower floor prices for gas, nuclear and solar generating units under the expanded MOPR.
PJM is “confident” it will meet FERC’s deadline for resolving pricing and dispatch misalignment issues in its fast-start pricing proposal.
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