synchronized reserves
PJM
The PJM Independent Market Monitor found that modeling issues were the largest cause of synchronized reserve underperformance during a July 22 spin event, in which about 80% of assigned reserves responded.
PJM
PJM's Operating Committee heard an update on the Aug. 11 load-shedding event in Baltimore, which brought 20 MW offline for about half an hour following equipment failures at the Brandon Shores substation
© RTO Insider LLC
PJM’s Kevin Hatch presented an update on how two heat waves between July 14-17 and 23-30 affected PJM operations, which involved multiple demand response deployments and emergency alerts and advisories.
PJM
PJM gave more detail on its plan to scale back a 30% adder it added on the synchronized and primary reserve requirement in May 2023.
© RTO Insider LLC
PJM stakeholders voted for a third consecutive meeting to delay acting on revisions to Manual 14H intended to clarify when developers may add or remove parcels from their project footprint.
© RTO Insider LLC
PJM's Adam Keech told the Market Implementation Committee the RTO plans to file governing document revisions with FERC to expand the requirement that resources must offer into the capacity market to also apply to all resources holding capacity interconnection rights.
© RTO Insider LLC
The PJM MRC endorsed one of two proposals to revise how the RTO uses reserve resources, approving a deployment scheme where instructions are sent by basepoints, while rejecting a parallel proposal to grant operators the ability to dynamically increase market procurements.
© RTO Insider LLC
PJM presented its Operating Committee with a set of revisions to Manual 12 regarding fuel assurance requirements for black start resources.
© RTO Insider LLC
The Reserve Certainty Senior Task Force is considering proposals from PJM and the Independent Market Monitor aimed at improving the performance of reserve resources by increasing electronic signaling and providing more flexibility around reserve procurement targets.
© RTO Insider LLC
Average load-weighted electricity prices in PJM fell by around half in 2023, the Independent Market Monitor said in its annual State of the Market Report.
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