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 Thursday. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage in RTO Insider.
RTO Insider will be covering the discussions and votes. See next week’s newsletter for a full report.
Markets and Reliability Committee
Consent Agenda (9:05-9:10)
- The committee will be asked to endorse proposed revisions to the PJM Tariff, Operating Agreement and Reliability Assurance Agreement, as endorsed by the Governing Documents Enhancements and Clarifications Subcommittee.
Endorsements (9:10-9:50)
- Base Residual Auction Smooth Supply Curves (9:10-9:30)
PJM’s Skyler Marzewski will present proposed tariff revisions seeking to clarify that PJM will only publish smooth supply curves after Base Residual Auctions, not Incremental Auctions. The committee will be asked to endorse the proposed solution and corresponding tariff revisions. (See “First Read on Smooth Supply Curve Quick Fix,” PJM MIC Briefs: April. 12, 2023.)
Issue Tracking: Base Residual Auction (BRA) Smoothed Supply Curve
- IROL-CIP Cost Recovery (9:30-9:50)
PJM’s Darrell Frogg will present a proposal to create a cost-recovery mechanism for expenses related to making investments to comply with NERC Critical Infrastructure Protection standards regarding interconnection reliability operating limits. The committee will be asked to endorse the proposal and corresponding tariff revisions. (See “PJM, Monitor Review IROL-CIP Proposals,” PJM MRC/MC Briefs: May 31, 2023.)
Issue Tracking: IROL Critical CIP Cost Recovery
Members Committee
Consent Agenda (11:20-11:25)
- The committee will be asked to endorse proposed revisions to Manual 15: Cost Development Guidelines to address heat input guidelines and the Independent Market Monitor’s opportunity cost calculator.
Issue Tracking: Opportunity Cost Calculator 2023 and Combined Cycles and Specialized Boilers Heat Input Guidelines
