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July 6, 2024

PJM Markets and Reliability Committee (MRC)

PJM Relents After MD, Pepco Balk at DR Notice Rules for Businesses
Businesses with up to 100 kW in annual peak demand will be exempt from the new 30-minute notice rule for DR providers.
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.
PJM-IMM Limits on FMU Adders Prevail
A joint proposal from PJM and the Independent Market Monitor to reduce payments to frequently mitigated units (FMUs) rose from the ashes to best three generator-backed proposals last week.
New Task Force to Target FTR Underfunding
Members last week agreed to create a senior task force to fix the underfunding of Financial Transmission Rights (FTRs) following a debate over the role of Auction Revenue Rights.
‘Clean’ Energy Portfolios Could Save Nukes, FERC tells NRC
“Clean” energy portfolio standards may be a way for states to provide financial support for ailing nuclear plants, FERC officials told the NRC last week.
PJM Backs Duke’s $9.8M ‘Stranded Gas’ Claim
PJM told FERC last week it should allow a Duke Energy peaking plant to recover $9.8 million it spent on expensive natural gas it was unable to burn in January.
MRC Preview
Our summary of the issues scheduled for votes at the PJM MRC on 05/29/14. 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.
Members Reject PJM-IMM Plan on FMUs
PJM members approved rule changes to reduce “adder” payments to frequently mitigated generation units (FMUs), after rejecting a joint proposal from the RTO and the Market Monitor.
Increased FMU Costs Lend Urgency to Fix
PJM's payments to frequently mitigated units jumped significantly over the winter, lending urgency to efforts to reduce “adder” payments.

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