Energy Market
PJM should revise its JOA with Duke Energy Progress to reflect the merger between Duke and Progress, according to the Market Monitor.
PJM stakeholders representing supply and load accused each other of refusing to compromise on changes to the $1,000 offer cap Thursday in one of the most acrimonious debates in the last year.
Company executives say they are confident that DR will continue to grow despite the EPSA ruling that threatens its continued participation in PJM.
The MRC approved new rules allowing PJM to increase reserve requirements in emergencies, while a companion measure to limit interchange during emergencies fell short.
In the face of rising residential usage of rooftop solar panels, new rate structures are needed, said attendees of PJM's Grid 20/20 conference last week.
The PJM MRC heard first read Thursday on proposed rule changes to day-ahead resource commitment and scheduling reserve requirements.
PJM electric consumers are spending $433 million a year in excess capacity because the RTO’s load forecasts fail to fully capture energy efficiency, according to a report by The Brattle Group.
PJM stakeholders deadlocked Thursday over changes to the $1,000 energy offer cap, leaving the RTO’s board considering yet another unilateral filing with FERC.
PJM will revise its eMKT application to capture more detailed information and require generation owners to use it to verify their operating parameters.
PJM has dropped a proposal to create a new real-time reserve market, bowing to stakeholder concerns over the cost and complexity.
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