increment offers (INCs)
Members agreed last week to consider changing credit requirements for virtual transactions in January and February 2015 despite opposition from PJM.
A brief primer on virtual trading: INCs, DECs and UTCs.
Financial marketers are pleased with PJM’s proposal to change the way uplift charges are assessed on virtual trades but aren’t convinced by a PJM analysis that the RTO says justifies extending the charges to up-to congestion trades (UTCs).
PJM wants to change the way virtual trades pay for uplift, replacing the current unpredictable charges with a flat per megawatt fee and assessing them for the first time on up-to congestion trades (UTCs).
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