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.

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.

PJM reported that synchronized reserve resource operators have reported several reasons for shortfalls in their response rates,  including operating under a ruleset FERC rejected last year.

PJM's Operating Committee delayed a vote on manual revisions aimed at reducing the circumstances under which the RTO would provide advance notice of when it will be sharing confidential member information with third parties.

PJM discussed the response to the July heatwaves and proposed changes to manual language around how synchronized reserves are deployed during the Operating Committee meeting.

PJM's Markets and Reliability Committee discussed proposed issue charges on generator deactivations and reserve certainty, while the Members Committee endorsed a cost recovery structure for investments to comply with IROL-CIP requirements.

PJM released a report on the December 2022 winter storm detailing its emergency actions and recommended changes to its markets and operations to limit the impact of future severe weather.

The RTO has doubled its synchronized reserve requirement to account for diminished performance since the implementation of the reserve market overhaul.

Synchronized reserves have seen a drop in prices since PJM implemented market overhauls at the start of October, the RTO says.

A poll by the Market Implementation Committee found little support for two competing proposals on capacity offer opportunities for co-located load.