Installed Reserve Margin (IRM)
The 2023 Reserve Requirement Study, which PJM presented to stakeholders, would lead to an uptick in the targeted reserve procurement level.
The N.Y. State Reliability Council Executive Committee indicated its Installed Capacity Subcommittee may increase the amount of 10-minute reserve assumptions.
The New York PSC approved a slight increase to the amount of reserve resources that load-serving entities must have available for the upcoming capability year.
The PJM Planning Committee voted by acclamation to endorse the results of the 2022 Reserve Requirement Study.
PJM's MRC rejected two proposals intended to allow market sellers to represent a greater degree of the risk they take on when entering the capacity market.
The Planning Committee heard updates on PJM's capital budget, the Reserve Requirement Study and an appellate court ruling on transmission cost allocation.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Nov. 17, 2021.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Oct. 20, 2021.
PJM received 79 proposals addressing both the onshore and offshore demands of N.J.’s ambitious OSW program as part of the RTO’s “state agreement approach."
PJM is recommending using an installed reserve margin of 14.6%, slightly up from 14.4% required in 2020.
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