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December 23, 2024

up-to-congestion transactions (UTCs)

FERC Orders Review of UTC Rules
FERC ordered a review of PJM’s rules regarding up-to-congestion transactions (UTCs), saying the RTO may be discriminating in how it treats these trades.
PJM Under Scrutiny at FERC Uplift Hearing
At FERC's uplift hearing, PJM was a target for criticism from market participants smarting over the $600 million uplift bill from January’s polar vortex.
PJM UTC Case Likely Headed to Court After FERC Notice
FERC staff issued a Notice of Alleged Violation last week against traders who exploited a loophole in PJM UTC trades in a case that will likely go to court.
FERC Staff Accuses Powhatan as Bay Moves Up — UPDATE
After nearly four years of investigation, FERC publicly accused an energy trading firm of market manipulation in a case that dogged enforcement chief Norman Bay through his confirmation as commissioner.
PJM Trader Calls FERC on Manipulation Probe
The Powhatan Energy Fund, the subject of a FERC investigation for more than three years without being charged, has decided to go on offense by releasing documents it says proves it has been unfairly hounded.
Virtual Trading 101: INCs, DECs, UTCs
A brief primer on virtual trading: INCs, DECs and UTCs.
‘Free’ Ride Over for UTCs? – Update
Financial marketers are pleased with PJM’s proposal to change the way uplift charges are assessed on virtual trades but aren’t convinced by a PJM analysis that the RTO says justifies extending the charges to up-to congestion trades (UTCs).
“Free” Ride Over for UTCs?
PJM wants to change the way virtual trades pay for uplift, replacing the current unpredictable charges with a flat per megawatt fee and assessing them for the first time on up-to congestion trades (UTCs).
UTC Inquiry Moves Ahead
Members agreed last week to move forward with an initiative that could result in reduced restrictions on Up-to Congestion transactions.
PJM to Consider Relaxing UTC Rules
PJM will consider relaxing rules for up-to congestion transactions under a problem statement approved last week.

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