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November 27, 2024

PJM Markets and Reliability Committee (MRC)

PJM to Hike Penalties, Incentives to Improve Winter Reliability
PJM will increase performance penalties and incentives and seek ways to incorporate firm gas transportation in energy prices under an initiative announced last week to reduce generator outage rates during winter.
MRC Preview
Our summary of the issues scheduled for votes at the PJM MRC on 07/31/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.
MISO to Withdraw FERC Filing on Emergency Costs
MISO has agreed to withdraw a unilateral proposal to amend the MISO-PJM joint operating agreement (JOA) after PJM officials expressed concern that it was overly broad.
FMU Proposal Falls Short
Generation owners last week helped kill a joint proposal from PJM and the IMM to reduce payments to frequently mitigated units (FMUs).
Members Narrow Scope of FTR Task Force
Members narrowed the scope of a task force created to improve funding of FTR, agreeing to eliminate consideration of balancing congestion.
PJM MRC/MC Round-Up
Our summary of issues discussed and voted on at the PJM MRC and MC on Thursday, 6/26/14 with no surprises or lengthy debate.
PJM to Seek Smaller Black Start Changes
PJM will attempt to win approval for limited changes to the compensation rules for black start units and a plan for selecting “backstop” resources for regions that fail to secure service through competitive solicitations.
MRC/MC Preview
Our summary of the issues scheduled for votes at the PJM MRC and MC on 06/26/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.
Zonal Base Load Definition Changed to Prop Up ARRs
Stakeholders approved a revised Zonal Base Load definition to ensure that zones don’t lose Auction Revenue Rights due to extreme weather.
Bowring: Reject Revised Supply Curves
The Market Monitor said members should reject proposals to change the way capacity supply curves are represented, saying they would expose confidential data.

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