PJM presented updated estimates and analysis of coronavirus-related impacts to electricity demand at the April 14 Planning Committee meeting. During weekdays, peak load – the highest point of electricity demand during a given day – registered approximately 8 to 10 percent under (or about 7,500 MW) what would be expected minus COVID-19 social distancing … [Read more...] about PJM Details COVID-19 Impacts to Electricity Demand
Stakeholders, PJM Begin Discussion around Capacity Capability Calculation
The Capacity Capability Senior Task Force kicked off its first meeting April 7 with educational presentations on a proposed method of calculating how much power resources such as wind, solar and energy storage may offer into the capacity market. Effective Load Carrying Capability (ELCC) is an established process of evaluating the capability of resources that cannot run at … [Read more...] about Stakeholders, PJM Begin Discussion around Capacity Capability Calculation
In Times of Uncertainty, the Electric Grid Remains the Foundation for Continuity and the Enabler of Change
By Dr. Ake Almgren, Chair – PJM Board of Managers While we are currently in difficult and uncertain times, we must, more than ever, stay focused on our core mission of keeping the lights on – at the least cost – for the 65 million people we serve in 13 states and the District of Columbia. Operating the bulk power grid amid a pandemic is a new challenge, … [Read more...] about In Times of Uncertainty, the Electric Grid Remains the Foundation for Continuity and the Enabler of Change
PJM Working to Refine Load Forecasts to Isolate Pandemic Impact
PJM is working to refine a load forecasting method to identify the impact of human behavioral changes on the demand for electricity as states impose new and ever-restrictive measures to combat the outbreak of the COVID-19 coronavirus. Chris Pilong, Director – Operations Planning, and Tom Falin, Director – Resource Adequacy Planning, shared PJM’s plan … [Read more...] about PJM Working to Refine Load Forecasts to Isolate Pandemic Impact
PJM Stakeholders Endorse Enhanced Credit & Market Rules to Protect Evolving Markets & FTR Auctions
PJM’s Markets and Reliability Committee (MRC) and Members Committee Thursday (March 26) endorsed a comprehensive package of amendments to the Tariff and Operating Agreement to enhance credit and market rules. By an overwhelming 90 percent majority at the MRC meeting, and by acclamation at the Members Committee meeting, stakeholders supported the improvements crafted to … [Read more...] about PJM Stakeholders Endorse Enhanced Credit & Market Rules to Protect Evolving Markets & FTR Auctions