PJM staff outlined 10 reforms included in the FERC energy storage Order 845, six for which the RTO has already drafted Tariff changes.
PJM staff are pushing skeptical stakeholders to vote on a proposal to revise energy price formation at the next Energy Price Formation Task Force meeting.
PJM's Board said it will conduct an "independent review" into GreenHat Energy’s massive default in the RTO’s financial transmission rights market.
The Planning Committee endorsed PJM’s annual reserve requirement study and recommendations for a 15.7% IRM for next year’s Base Residual Auction.
The Mid-Atlantic region experienced heavy precipitation this summer that was great for hydro generation, PJM staff told the Operating Committee.
A proposal to revise PJM’s credit requirements for financial transmission rights in response to the historic GreenHat Energy default will be delayed.
PJM’s market design and Exelon’s control of local generation allow the company to name its price for capacity commitments in the Chicago area.
The first round of filings in PJM’s “paper hearing” on revisions to the capacity market showed wide disagreement over broadening the MOPR.
The PJM initiative to revise how its energy market is constructed continued down the rabbit hole with a discussion about the timing of procuring reserves.
The Illinois Commerce Commission suggested PJM consider ending its capacity market if it continues supporting policies that discount its preferences.