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July 23, 2024

PJM Market Implementation Committee (MIC)

UPDATED: Load Balks at Supply Curve Fix in Response to Auction Strategies
Load representatives concerned by reports of generators’ bidding strategies in May’s PJM capacity auction reacted by threatening to block an initiative by Exelon Corp. to provide more informative supply curves.
45-Minute Rule for Interchange Transactions Dropped
PJM members endorsed the removal of a requirement that interchange transactions last at least 45 minutes to comply with a FERC mandate.
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.
Superstorm Sandy Stirs Change to Zonal Base Load Definition
Stakeholders approved a rule change to the PJM zonal base load definition so that zones don’t lose Auction Revenue Rights due to anomalies caused by storms or other extraordinary events.
DR Measurement and Verification to Be Examined
Stakeholders approved two initiatives to improve demand response measurement and verification.
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.
PJM Reserve Proposal OK’d Despite Misgivings
Acknowledging they were taking “a leap of faith,” stakeholders last week endorsed PJM’s plan for cutting uplift and capturing reserve costs in energy prices.
Intermittent Resources Task Force Has New Assignment
The PJM Intermittent Resources Task Force will consider ways to implement recommendations of the recently completed PJM Renewable Integration Study.
Members Split Over Change in Reserve Procedures
Stakeholders split last week over a PJM proposal to change how the RTO captures the cost of deploying additional reserves during extreme weather.
PJM Seeks Better Data on Residential DR
Stakeholders will attempt to develop more accurate measurement and verification of residential DR under a problem statement approved by the MIC.

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