PJM Market Implementation Committee (MIC)
The Operating Committee last week endorsed changes to Manuals 3A and 13 while the Market Implementation Committee endorsed revisions to Manual 28.
PJM will consider relaxing rules for up-to congestion transactions under a problem statement approved last week.
The MIC approved the sunset of the Financial Transmission Rights Task Force.
Members agreed to develop rules for demand response providers requesting maintenance outages.
The Market Implementation Committee will consider changes to PJM’s real-time pricing mechanism, which RTO officials say is depressing energy and reserve prices.
Stakeholders began work last week on an initiative to create more accurate capacity market price curves and a recommendation by the Market Monitor to eliminate adders for FMUs.
PJM proposed a change in its real-time pricing mechanism, saying the current methodology is depressing energy and reserve prices.
PJM will require all steam generators to adjust their capacity ratings based on summer peak load conditions under manual changes outlined to the PC and MIC last week.
The Planning and Transmission Expansion Advisory committees will swap their meeting dates with the Market Implementation Committee in December.
The Market Implementation Committee last week endorsed the sunset of a task force created in 2012 to develop a process for limiting compensation when resourc...
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