By Topic

An overview of PJM energy market design and development

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

4 Author(s)
Zhenyu Fan ; Interconnection, Norristown, PA ; Horger, T. ; Bastian, J. ; Ott, A.

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 development in recent years in PJM is presented. PJM also implements the planning function through the Regional Transmission Expansion Planning (RTEP) process. 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.

Published in:

Electric Utility Deregulation and Restructuring and Power Technologies, 2008. DRPT 2008. Third International Conference on

Date of Conference:

6-9 April 2008