The PJM Board of Managers asked stakeholders for patience with the board’s ongoing investigation into the default of GreenHat Energy’s FTR portfolio.
A report on fuel security in PJM shows the grid is reliable in all but extreme scenarios as long as resources are compensated for being fuel-secure.
Stakeholders endorsed revisions that would align PJM’s price-responsive demand rules with the Capacity Performance construct.
The PJM Monitor remains unconvinced that performance metrics during localized load sheds should be used to calculate capacity market default offer caps.
PJM told the Market Implementation Committee that the Board of Managers’ investigation of the GreenHat Energy FTR default will run through the new year.
The annual meeting of the Organization of PJM States Inc. (OPSI) in Chicago featured lively discussions about the RTO's proposed capacity market revamp.
The PJM Markets and Reliability and Members committees agreed to fast-track a proposal on demand response.
It’s a good bet the ongoing FERC paper hearing to revise PJM’s capacity construct will be a major topic of discussion at the OPSI annual meeting.
A proposal to revise PJM’s credit requirements for financial transmission rights in response to the historic GreenHat Energy default will be delayed.
PJM’s market design and Exelon’s control of local generation allow the company to name its price for capacity commitments in the Chicago area.