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Market Efficiency

PJM’s Regional Transmission Expansion Planning (RTEP) process includes the analysis of the economic efficiency of PJM’s energy and capacity markets associated with determining RTEP market efficiency upgrades. PJM Manual 14B addresses this in detail.

Transmission plans that result from PJM’s reliability analysis may also benefit market efficiency. Reliability-based RTEP projects are evaluated to determine if they can be advanced based on market efficiency benefits. Also, the review of historical and projected congestion metrics and other RTEP drivers may suggest new projects or based on market efficiency as the primary driver from combinations of the two.

2011 Market Efficiency Reference Files Posting Date
2011 Market Efficiency Input Assumptions (XLS) 07.01.2011
2011 As-Is Monitor List (TXT) 06.27.2011
2015 RTEP Monitor List (TXT) 06.27.2011

Economic Planning Reference Document Posting Date
Final Market Efficiency Business Rules (PDF) 03.19.2007
Final Market Efficiency White Paper (PDF) 03.19.2007
PJM Operating Agreement (PDF)

Congestion Reports Posting Date
Gross and Unhedgeable Congestion Summary (Jan 2011 - Nov 2011) (XLS) 12.13.2011
2010 Gross and Unhedged Monthly Congestion Summary (XLS) 01.19.2011
2010 Gross and Unhedged Hourly Congestion Summary (XLS) 01.19.2011
2007-2009 Gross and Unhedged Monthly Congestion Summary (XLS) 08.30.2010
2007-2009 Gross and Unhedged Hourly Congestion Summary (XLS) 08.30.2010
Market Window Opened for Congestion (XLS) 10.05.2006
2003-2006 Hourly Economic Generation (XLS) 05.24.2007
2003-2006 Monthly Congestion Summary (XLS) 05.24.2007
2003-2006 Hourly Gross Congestion (XLS) 05.24.2007
2003-2006 Hourly Unhedgeable Congestion (XLS) 05.24.2007