PJM Interconnection LLC (PJM)
Constellation deferred on asking the Market Implementation Committee to vote on a quick-fix proposal to account for any downtime dual-fuel gas generators may require when switching fuels.
PJM, Constellation and the Independent Market Monitor plan to bring competing proposals to define rules for operating battery storage as a transmission asset.
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.
The Department of Energy ordered PJM and Constellation Energy to keep the 760-MW Eddystone Generating Station online through May 24.
Stakeholders endorsed PJM’s recommended installed reserve margin and forecast pool requirement for the 2028/29 Base Residual Auction at the Markets and Reliability Committee meeting.
PJM and stakeholders laid out their initial thoughts on the structure of the in-development reliability backstop procurement as the RTO looks to meet a September target set out by the White House and all 13 member states’ governors.
Two PJM proposals would revise its tariff to extend the collar on capacity prices for two more years and implement an expedited interconnection track for large projects to bring new capacity online quickly.
FERC accepted five new reliability standards setting requirements for model validation and data sharing for inverter-based resources.
PJM, with prompting from 13 governors, is trying another solution to resource adequacy: the “Reliability Backstop Auction.” While details still are being negotiated, this boils down to throwing money at new power plants, says Tom Rutigliano of the NRDC.
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