Monitoring Analytics
The PJM Market Implementation Committee endorsed an RTO proposal to establish penalties for load management and price-responsive demand resources that underperform during pre-emergency deployments.
PJM’s Independent Market Monitor warned the cost of wholesale power in the RTO will continue to rise with the rapid addition of data center load without enough capacity to serve it.
PJM has updated its thinking on the design of its reliability backstop procurement to meet rising data center load, gravitating toward a model in which the RTO would determine the amount of capacity to be purchased and act as the administrator and counterparty to the resulting agreements.
PJM and the Independent Market Monitor are drafting proposals to rework the RTO’s reserve market.
Reply comments to the Department of Energy’s Advance Notice of Proposed Rulemaking to FERC on large loads offered differing paths for the commission to potentially take.
FERC approved a transmission security agreement between PECO Energy and Amazon for a data center planned in Falls Township, Pa.
FERC approved LS Power’s deal to sell 12.9 GW of its gas generation in PJM, NYISO and ISO-NE, as well as its 6-GW demand response business, CPower, to NRG Energy for $12 billion.
The PJM Market Implementation Committee voted to endorse two packages of revisions to key parameters of the capacity market out of six offered by PJM and stakeholders that resulted from the Quadrennial Review.
PJM's Independent Market Monitor asked FERC to impose behavioral constraints on NRG Energy's proposed purchase of power plants and demand response from LS Power.
PJM’s markets provided reliable service in 2024, but tightening supply and demand are laying bare design flaws that have inhibited the competitiveness of the RTO’s markets, the Independent Market Monitor wrote in its 2024 State of the Market Report.
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