NDLI: Current and emerging challenges in PJM energy market

Content Provider	IEEE Xplore Digital Library
Author	Zhenyu Fan Horger, T. Bastian, J.
Copyright Year	2010
Description	Author affiliation: PJM Interconnection, 955 Jefferson Avenue, Norristown, PA 19403 USA (Zhenyu Fan; Horger, T.; Bastian, J.)
Abstract	The seven Independent System Operators and Regional Transmission Organizations (ISO/RTOs) in the United States coordinate reliable power grid operations for two-thirds of its population and two-thirds of its electric generation. As one of the largest ISO/RTOs, PJM provides regional planning and operation, energy market operation, outage coordination, transactions settlement, billing and collections, risk management, ancillary services, credit risk management, and more services which have broadened significantly in recent years. This paper shows how PJM plays essential roles in managing and improving flow of energy, money and information in energy markets. Market design and development in recent years in PJM is presented. This paper also discusses how Financial Transmission Rights (FTRs) are acquired and how the value of FTRs is determined as risk management service in PJM. Some of the future trend and challenges in PJM and industry also will be discussed in this paper.
Starting Page	1
Ending Page	7
File Size	1162595
Page Count	7
File Format	PDF
ISBN	9781424465460
e-ISBN	9781424465484
DOI	10.1109/TDC.2010.5484718
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-04-19
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Power system reliability ISO Risk management Power generation economics Environmental economics History Pricing Power system security Power systems Power grids Economic Transmission Planning Energy Market Day-ahead Market Real-time Market Ancillary Service Financial Transmission Rights
Content Type	Text
Resource Type	Article

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