RTO Insider: PJM Members hit the brakes Wednesday on a proposed new product for coordinated transaction scheduling trades between PJM and the New York ISO.

An overworked transformer and PJM operators’ efforts to limit prices were the focus last week as PJM continued to discuss the mid-July heat wave.

Unexpected imports from New York — not the mobilization of demand response — caused the heat wave price crash July 18 after spiking to $465/MWh amid the hottest day of the summer.

Are RTO market rules too clumsy and complicated to prevent gaming and protect consumers? An analysis of the JP Morgan settlement for clues.

PJM members will be asked tomorrow to approve a new power scheduling option for transactions into the New York ISO to reduce uneconomic power flows.

The PJM Members Committee met on Thursday, August 1st and approved four issues by acclimation. See our story for details.

PJM said it plans to seek an MIC endorsement in August of the Coordinated Transaction Scheduling (CTS) proposal, designed to improve interchange scheduling efficiency between NYISO and PJM.

PJM will suspend its Day Ahead market if it loses Internet service under a contingency plan given approved Thursday. PJM’s Tariff and Operating Agreement do...