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Order 2000 and PJM: A Natural Match. Craig Glazer Manager of Regulatory Affairs PJM Interconnection, LLC. First ISO to enter service Effective stakeholder process Membership support from all stakeholder groups Currently operating efficient and robust competitive markets. - PowerPoint PPT Presentation
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Order 2000 and PJM:
A Natural Match
Craig GlazerManager of Regulatory AffairsPJM Interconnection, LLC
PJM and Order 2000: A Natural Match
First ISO to enter service Effective stakeholder process Membership support from
all stakeholder groups Currently operating efficient
and robust competitive markets
PJM and Order 2000: A Natural Match
FERC-approved congestion management mechanisms that rely on market forces
PJM playing key role in implementing retail competition in all PJM states
PJM and Order 2000: A Natural Match
Independence Independent Governance and Board
Right to Amend PJM Tariff to promote competitive markets and reliability
PJM and Order 2000: A Natural Match
Scope and Configuration 180 Members Market Transactions with a Value of $1.8 B 120 Million MWHR of
Scheduled Energy Transactions 8,000 Miles of Transmission Lines,
8.7% of US Population and the Largest Energy Market in North America
PJM and Order 2000: A Natural Match
Scope and Configuration Active committees addressing
SEAMS issues with NY and New England --
Progress can be tracked at www.isomou.com
PJM and Order 2000: A Natural Match
Operational authority Short-term reliability Planning and expansion Market monitoring Open architecture:
No structural impediments The next step: PJM West
PJM and Order 2000: A Natural Match
Transmission Enhancement and Innovative Rates Component
Reaffirmation of T.O.’s commitment to build
Commitment to undertake economic enhancement projects
Rate Package: Rate Moratorium Cost Recovery Deferral of New Projects Accelerated Depreciation of New Investments Risk Adjusted ROE for New Transmission Investments
PJM and Order 2000: A Natural Match
Rate Package Rate Moratorium Until 12/31/04 Deferral of Capital Costs Accelerated Depreciation
of New Investments Risk-Adjusted ROE Continuation of Zonal Pricing Development of Performance Measures
PJM and Order 2000: A Natural Match
Rate Plan Checks and Balances PJM RTEP process provides an open,
stakeholder process for review of need for transmission projects.
PJM and Order 2000: A Natural Match
The Next Step PJM West -- a template for development
of a uniform market over a larger region An open architecture plan for
evolution of ownership structures SEAMS issues addressed through a
single market across a wider region: Uniform Rules and Tariff while maintaining Zonal Prices and adjusting for special Regional Needs
PJM and Order 2000: A Natural Match
Inter-RTO SEAMS Coordination MOU among New York, New England,
PJM and Ontario
PJM and Order 2000: A Natural Match
Inter-RTO SEAMS Coordination Operations Working Group
Coordinate Documentation and Terminology
Create Graphic Displays of Emergency Procedures and Coordinate Timelines for Accepting and Implementing Transactions
PJM and Order 2000: A Natural Match
Inter-RTO SEAMS Coordination Planning Working Group
Establish Protocols for Coordinated Planning Activities
Facilitate Performance and Review of Joint Planning Studies
Review Analyses of Adequacy and Reliability among the Three ISOs
PJM and Order 2000: A Natural Match
Inter-RTO SEAMS Coordination Business Practices Working Group
Identifying and Reviewing Existing and Planned Market Rules for Impacts on all Three ISOs.
Recommending Appropriate Regulatory Filings
PJM and Order 2000: A Natural Match
Inter-RTO SEAMS Coordination Information Technology Working Group
Finding New Technology Solutions to Common Interface Issues
PJM and Order 2000: A Natural Match
Inter-RTO SEAMS Coordination The Bigger Challenge: Different Markets
with Different Rules of the Road Software Solutions? Uniform Market Rules Solutions? Single Market Solutions?
PJM and Order 2000: A Natural Match
PJM West: The Single Market Concept One Market One Tariff One OASIS One Congestion Management System
PJM and Order 2000: A Natural Match
PJM West: Allowance for Regional Differences Multiple Control Areas Different Reliability Councils Alternatives to RAA to Meet NERC
“1 Day in 10 Years” Standard
PJM and Order 2000: A Natural Match
PJM West: Maintenance of Key Market Functions In RTO Power Market Administration Congestion Management Market Monitoring
PJM and Order 2000: A Natural Match
PJM West: Maintenance of Key Market Functions In RTO Physical, operational and
functional control of facilities Financial responsibility for
assuring firmness of services sold