fuel-cost policy (FCP)
FERC denied a complaint from PJM’s Monitor that alleged the RTO erred when it decided against penalizing Tenaska over supposed fuel-cost policy violations.
FERC released the disputed fuel-cost policy at the center of a complaint PJM’s Monitor filed against the RTO for not penalizing a generator.
PJM's Market Implementation Committee endorsed fuel-cost policy packages that would consider impacts of breaking the rules and adjust penalties accordingly.
The PJM Market Implementation Committee endorsed Manual 18 revisions that implement the new must-offer exception process approved by FERC last month.
PJM has backed off its suggestions that FERC revisit Order 719 and the relationship between RTOs and their Market Monitors.
FERC reaffirmed the authority of PJM’s Monitor to file complaints against the RTO over fuel-cost policies, dismissing concerns about conflicts of interest.
FERC said the Independent Market Monitor’s filing of complaints regarding PJM’s fuel-cost policies doesn’t violate Tariff conditions or commission rulings.
FERC said PJM’s proposal for reimbursing generators for fuel-switching costs and penalties incurred when gas pipelines fail lacked specificity and clarity.
The PJM Market Implementation Committee will discuss indemnification for financial transmission rights bilateral contracts at its Jan. 9 meeting.
After a year under new fuel-cost policy rules, PJM stakeholders discussed some potential tweaks at a special session of the Market Implementation Committee.
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