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.