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November 24, 2024
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FERC Approves PJM Reserve Market Overhaul
Glick Dissents, Says Ruling Will Cost Billions
May 22, 2020
FERC approved PJM’s proposed energy price formation revisions, agreeing with the RTO that its reserve market was not functioning as intended.
Ancillary ServicesCapacity MarketEnergy MarketPJM
Keywordscost of new entry (CONE)EL19-58Federal Energy Regulatory Commission (FERC)Neil Chatterjeeoperating reserve demand curve (ORDC)PJM Interconnection LLC (PJM)price formationRichard Glicksynchronized reserves
Michael Brooks
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