20260819-item-06---rcstf-imm-proposal---presentation.pdf
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Document date Aug 14, 2026
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IMM RCSTF Recommendation for MRC 1. Address the practical, operational need for additional reserves due to solar, wind, and load forecast error in net load. 2. Do not adopt market design changes that include intentional increases to shortage pricing levels. ©2026 www.monitoringanalytics.com 2…
IMM RCSTF Recommendation for MRC 1. Address the practical, operational need for additional reserves due to solar, wind, and load forecast error in net load. 2. Do not adopt market design changes that include intentional increases to shortage pricing levels. ©2026 www.monitoringanalytics.com 2…
…RCSTF • There is a simple and practical way to address the supply uncertainty from intermittent resources. The IMM proposal addresses it. • Part of PJM’s proposal, even with its calculation flaws, addresses that. • The problem is that PJM’s proposal goes way beyond addressing net load uncertainty. • Reinstates PJM’s desired downward sloping ORDC curves. • No market power mitigation and/or avo…
Comparison of Shortage Pricing PJM Proposal IMM Proposal / Status Quo ORDC highest price $2,100 per MW $850 per MW per product $1,750 per MW max price Locational reserve highest price $2,100…
Comparison of Shortage Pricing PJM Proposal IMM Proposal / Status Quo ORDC highest price $2,100 per MW $850 per MW per product $1,750 per MW max price Locational reserve highest price $2,100 + up to $1,000 per MW per reserve constraint violated. No stated limit. $3,400 per MW in MAD System Energy Price Cap $4,100 per MWh cap $3,700 per MWh cap TCPF in LMP + Up to $2,000 per MW defau…
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