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On Tuesday, Pennsylvania Gov. Josh Shapiro said PJM will support a new price cap meant to lower the cost of the power grid in the coming year after a recent auction forecasted an 800% increase.
[21] Even a year later in 2022, PJM produced only 4.7% by wind and solar, as seen in the table above, although the PJM Independent Market Monitor reported wind and solar accounted for 6.8% of PJM energy in 2022 [22] which still lags the rest of the country significantly. The low level of renewable generation on PJM is not improving significantly.
(Reuters) - Grid operator PJM Interconnection responded on Tuesday to a complaint from Pennsylvania Governor Josh Shapiro over power market rules, citing concerns about potential power shortages ...
Market monitoring – an RTO must monitor market behavior and report market power abuses and market design flaws to FERC. Planning and expansion – an RTO must have ultimate responsibility for both transmission planning and expansion within its region that will enable it to provide efficient, reliable and non-discriminatory service.
In cooperation with PJM Interconnection (PJM), the two organizations developed a Joint and Common Market (JCM) to align market rules between them and to reduce the operating impact of the many transmission interconnections between the two RTOs. In December 2003, the two RTOs filed a Joint Operating Agreement with FERC, detailing how the ...
PJM—PJM Interconnection, LLC, a regional transmission organization. (US) (electricity) PLC—Power line communication (electricity), Programmable Logic Controller; PLMA—Peak Load Management Association (US) (electricity) PM—Particulate matter; PM&E—Protection, mitigation and enhancement; PMA—Power Marketing Administration or Fed.
Mar. 11—AUSTIN — The Public Utility Commission of Texas has announced Jeff McDonald as the director of the Independent Market Monitor (IMM) for the Electric Reliability Council of Texas (ERCOT ...
The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and regulates the prices of interstate transport of petroleum by pipeline.