|
|
|
|
|
PJM Set To Seek FERC Approval For Increase in Energy Market Price Cap
PJM is set to formally ask FERC to approve tariff changes that would increase the energy market offer cap, after the Members Committee approved a compromise proposal
Under the proposal sent to the PJM Board, whose approval is expected:
• Incremental energy cost-based offers are now capped at $2,000/MWh and allowed to set price
• Costs in excess of $2,000/MWh may be recovered through make-whole payments
• Market-based offers for individual units will be allowed to rise with their cost-based offers
There are no changes to the following:
• 10 percent adder
• Shortage penalty factors
• Startup, no-load compensation
The current offer cap for generators is $1,000/MWh, though demand response may offer at $1,800/MWh and LMP can exceed that cap under shortage conditions
PJM said that offers above $2,000/MWh would still be dispatched in merit order. PJM committed to providing a detailed analysis for any offers above $1,000/MWh.
ADVERTISEMENT Copyright 2010-15 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
October 2, 2015
Email This Story
Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Customer Support and Retention Rep -- Retail Supplier -- Houston
• NEW! -- Contracts Analyst -- Retail Supplier -- Houston
• NEW! -- Pricing Analyst -- Retail Supplier
• NEW! -- Billing Analyst -- Retail Provider -- Houston
• NEW! -- Energy Services Program Director - $230K
• NEW! -- Senior Retail Analyst -- Retail Supplier
• NEW! -- Manager, Retail Pricing -- Retail Provider
• NEW! -- Retail Commodity Pricing Analyst -- Retail Supplier
• NEW! -- Director of Pricing, Risk & Portfolio -- Retail Supplier
• NEW! -- Manager/Director, Customer Retention and Satisfaction -- Retail Supplier -- Houston
• NEW! -- Bilingual Rep Support Specialist -- Retail Supplier
• NEW! -- Commercial Sales Support Analyst -- Retail Supplier -- Houston
• NEW! -- Financial Analyst -- Retail Energy Supplier
• NEW! -- Sales Executive -- Retail Supplier
• NEW! -- Manager, Power Retention -- Retail Supplier -- Houston
• NEW! -- Team Lead, Billing -- Retail Provider -- Houston
• NEW! -- Business Development Manager -- Retail Supplier -- DFW
|
|
|
|