Committees & Groups

Issue Details

Energy Reserve Pricing and Interchange Volatility

Under the current real-time pricing mechanism, some actions taken by PJM operators to maintain system reliability are not captured in market clearing prices, often resulting in lower than anticipated prices given system conditions. Additionally, even when operator actions are reflected in market clearing prices, interchange volatility can impact price stability.  As part of this work, stakeholders will assess whether enhancements can be made to better capture operator actions in market clearing prices.  They will also assess whether enhancements can be made to existing transaction scheduling rules to improve system and price stability.

Proposed Timeline

Issue initiated: 11.21.2013
Work begins: 1.15.2014
Target Completion: TBD
Actual Completion: 11.20.2014

Issue Details

Stakeholder Body Market Implementation Committee
Facilitator Velasco, Cheryl Mae S.
Subject Matter Expert Morelli, Lisa K.
Issue Catalyst PJM
Issue Status Closed
Manual Changes Yes
Agreement Changes Open Access Transmission Tariff, Operating Agreement
  • Stakeholder Process Step

  • Completed Approved
  • Completed Education
  • Completed Interest
  • Completed Design
  • Completed Options
  • Completed Packages
  • Completed Consensus
  • Completed Review
  • Completed Completed