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Sarah Eichorn PJM Interconnection PJM Overview: Market and Regulation Interests Great Lakes Symposium

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Page 1: PJM Overview: Market and Regulation Interests Great Lakes ... Afternoon... · PJM Interconnection PJM Overview: Market and Regulation Interests Great Lakes Symposium. 2 PJM©2013

Sarah Eichorn

PJM Interconnection

PJM Overview: Market and Regulation Interests

Great Lakes Symposium

Page 2: PJM Overview: Market and Regulation Interests Great Lakes ... Afternoon... · PJM Interconnection PJM Overview: Market and Regulation Interests Great Lakes Symposium. 2 PJM©2013

PJM©20132www.pjm.com

To be the electric industry leader – today and

tomorrow – in reliable operations, efficient

wholesale markets, and infrastructure

development.

PJM Interconnection’s Vision Statement

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PJM as Part of the Eastern Interconnection

KEY STATISTICS

PJM member companies 850+

millions of people served 61

peak load in megawatts 165,492

MWs of generating capacity 183,604

miles of transmission lines 62,556

2012 GWh of annual energy 793,679

generation sources 1,376

square miles of territory 243,417

area served 13 states + DC

externally facing tie lines 191

•27% of generation in

Eastern Interconnection

•28% of load in Eastern Interconnection

•20% of transmission assets in

Eastern Interconnection

21% of U.S. GDP

produced in PJM

As of 7/1/2013

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PJM Interconnection’s Operation and Markets Landscape

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Economic Dispatch

LMP= System + Transmission +Marginal

Energy Congestion Losses

Price Cost

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Managing a Sea-Change

6/1/2013

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REGULATION LANDSCAPE

Page 8: PJM Overview: Market and Regulation Interests Great Lakes ... Afternoon... · PJM Interconnection PJM Overview: Market and Regulation Interests Great Lakes Symposium. 2 PJM©2013

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Governance Complexity

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Regulatory Interests

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PJM’s Key Relationships

Regulators

– PJM coordinates the grid and administer the wholesale power market according to federal laws and regulations as well as within the requirements of each state which it serves.

• Federal Energy Regulatory Commission

• OPSI: State public utility commissions

Page 11: PJM Overview: Market and Regulation Interests Great Lakes ... Afternoon... · PJM Interconnection PJM Overview: Market and Regulation Interests Great Lakes Symposium. 2 PJM©2013

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PJM’s Key Relationships

NERC

– Under the Energy Policy Act of 2005, the

Federal Energy Regulatory Commission

(FERC) was required to designate an Electric

Reliability Organization (ERO) to enforce

mandatory reliability standards for all

participants in the North American bulk power

system.

– NERC named the ERO in July 2006.

Page 12: PJM Overview: Market and Regulation Interests Great Lakes ... Afternoon... · PJM Interconnection PJM Overview: Market and Regulation Interests Great Lakes Symposium. 2 PJM©2013

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Reliability Assurance Agreement

PJM OATT

PJM Operating Agreement

TO Agreement

PJM OATT

• NERC Security Coordinator

• Regional Transmission Provider

• Regional Control Area Operator

• Regional Transmission Planner

• Market Developer & Coordinator

PJM Authority Provided by Contract

Page 13: PJM Overview: Market and Regulation Interests Great Lakes ... Afternoon... · PJM Interconnection PJM Overview: Market and Regulation Interests Great Lakes Symposium. 2 PJM©2013

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PJM Interconnection Organization

Independent Board

Members Committee

Generation

Owners

Transmission

Owners

Other

Suppliers

Electric

Distributors

End-Use

Customers

Page 14: PJM Overview: Market and Regulation Interests Great Lakes ... Afternoon... · PJM Interconnection PJM Overview: Market and Regulation Interests Great Lakes Symposium. 2 PJM©2013

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PJM Interconnection ‘s Stakeholder Process