PJM’s winter 2019 experience reinforces need for reserve pricing reform

摘要

PJM’s Synchronized Reserve Market prices were “at or near zero for 19of 24 hours” during a late-January cold snap, so a federal regulatoryfiling is planned “to improve how reserve prices are formulated,” whichdrew mixed reactions from industry observers.In a recap of the independent system operator’s performance thiswinter, PJM said in a statement Monday that the system performed“reliably in the face of extreme temperatures and high electricitydemand.”