synchronized reserves
PJM's Markets and Reliability Committee discussed proposed issue charges on generator deactivations and reserve certainty, while the Members Committee endorsed a cost recovery structure for investments to comply with IROL-CIP requirements.
PJM released a report on the December 2022 winter storm detailing its emergency actions and recommended changes to its markets and operations to limit the impact of future severe weather.
The RTO has doubled its synchronized reserve requirement to account for diminished performance since the implementation of the reserve market overhaul.
Synchronized reserves have seen a drop in prices since PJM implemented market overhauls at the start of October, the RTO says.
A poll by the Market Implementation Committee found little support for two competing proposals on capacity offer opportunities for co-located load.
The PJM Operating Committee has endorsed the winter weekly reserve target values, which are used to coordinate planned outages scheduled during winter.
A Maryland school district is expanding its partnership with Highland Electric Fleets to electrify its buses to use as distributed energy resources in PJM.
FERC rejected PJM’s plan to change its handling of synchronized reserve events, saying it would likely result in higher prices and over-procurement.
PJM MIC members last week unanimously endorsed a revised proposal from the RTO and its Independent Market Monitor to address start-up cost offer development.
Stakeholders endorsed a PJM proposal at a Markets and Reliability Committee meeting to improve the deployment of synchronized reserves during a spin event.
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