fuel-cost policy (FCP)
PJM staff have incorporated stakeholder input into their recommendations resulting from the quadrennial review of the VRR demand curve.
The Market Implementation Committee overwhelmingly endorsed PJM’s proposal for revising how it calculates the balancing ratio.
January’s cold weather resulted in a sharp increase in natural gas and power prices in the first quarter, PJM’s Independent Market Monitor reported.
PJM and its Independent Market Monitor remain at odds over whether price-based offer updates should be connected to cost-based offers.
PJM stakeholders pressed the RTO to find common ground regarding several changes to Manual 11 in preparation for implementing intraday offers.
PJM’s Independent Market Monitor said that 22 of the 479 power supplier fuel-cost policies it evaluated failed to meet its standards for being systematic.
Joe Bowring said in a briefing on the State of the Market Report that that the PJM market is healthy, despite what some believe are low energy prices.
The PJM Markets and Reliability Committee and Members Committee discussed the RTO's recent pseudo-tie filing, capacity replacement and fuel-cost policies.
A summary of the issues scheduled to be brought to a vote at the Markets and Reliability and Members committees on March 23, 2017.
Despite its looming implementation, PJM's new fuel-cost policy rules continue to raise substantial questioning from stakeholders.
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