Energy Price Formation Senior Task Force (EPFSTF)
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.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on April 27.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Sept. 29, 2021.
PJM stakeholders narrowly approved an issue charge to examine the RTO’s operating reserve demand curve and transmission constraint penalty factors.
Interim PJM CEO Susan J. Riley urged the Markets and Reliability Committee to move forward on “badly needed” credit policy reforms.
PJM filed its energy price formation proposal with FERC after a yearlong discussion with stakeholders produced no consensus.
The PJM Board of Managers agreed to submit staff’s revised energy price formation proposal for FERC approval, CEO Andy Ott said.
PJM stakeholders failed again to reach agreement on energy price formation rules, as a last-ditch effort at compromise fell short in a sector-weighted vote.
Top utility executives urged PJM’s Board of Managers to act on price formation at its Feb. 12 meeting after stakeholders deadlocked on the issue last week.
PJM members were unable to reach consensus on any of five proposals to improve price formation for energy and reserves Thursday.
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