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January 13, 2025

PJM Markets and Reliability Committee (MRC)

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.
DR’s Future Unclear Following Court Ruling
Questions multiplied faster than answers last week following an appellate court ruling that threw out FERC's jurisdiction over demand response (DR) compensation.
Stakeholders Look to Expedite Auction-Specific Transactions
PJM stakeholders agreed to consider ways to make it easier for banks to purchase capacity providers’ revenue streams.
PJM Reserve Proposal Gets OK for Trial Run
PJM won approval of its short-term plan for capturing reserve costs in energy prices after agreeing to a sunset provision that won over load representatives.
States Still Miffed with TOs’ `Multi-Driver’ Cost Allocation
Stakeholders last week approved new rules designed to ease the way for public policy transmission projects, but Maryland regulators said they may be irrelevant because of parallel rules proposed by PJM Transmission Owners.
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.

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