PJM Interconnection LLC is a Regional Transmission Organization in the United States. It is part of the Eastern Interconnection grid operating an electric transmission system serving all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM, headquartered in Valley Forge, Pennsylvania, is currently the world's largest competitive wholesale electricity market. More than 830 companies are members of PJM, which serves 60 million customers and has 167 gigawatts of generating capacity. With 1,325 generation sources, 59,750 miles of transmission lines and 6,038 transmission substations, PJM delivered 682 terawatt-hours of electricity in 2009.Started in 1927, the pool was renamed the Pennsylvania-New Jersey-Maryland Interconnection in 1956. The organization continues to integrate additional utility transmission systems into its operations. Wikipedia.
News Article | April 17, 2017
U.S. utility American Electric Power (AEP) has upgraded one of its existing energy storage sites with software that will qualify it to participate in the PJM Interconnection frequency regulation market.
Gil H.A.,University of Seville |
Lin J.,PJM Interconnection LLC
IEEE Transactions on Power Systems | Year: 2013
Increased deployment of wind-power generation is changing the landscape of power supply around the world. When integrated with electricity markets, wind power is also widely known to influence the prices cleared at the market. This paper examines the effect of wind-power generation on the day-ahead market prices in the PJM electricity market using robust econometric models and statistical inference. Results show that the quantified expected benefits to wholesale market participants may be substantial despite the relatively low wind-power penetration levels still observed within the PJM jurisdiction relative to other markets. The quantified unitary benefits outweigh, by a great margin, the renewable energy credits given to qualifying wind farms across the market. When benefits outweigh the costs incurred to generate them, welfare is accrued. To this end, benefit allocation mechanisms are proposed, which may contribute to the continued development of wind power on the roadmap to a cleaner power industry of the future. © 2013 IEEE.
News Article | November 17, 2016
VALLEY FORGE, Pa., Nov. 17, 2016 /PRNewswire/ -- PJM Interconnection filed for approval from the Federal Energy Regulatory Commission of improvements to increase opportunities for seasonal resources to participate in the capacity auctions. The proposal enhances aggregation rules for seaso...
Lin J.,PJM Interconnection LLC
IEEE Systems Journal | Year: 2012
Renewable energy resources, such as wind and solar, have become important parts of today's generating resource mix. Along with them, these resources also bring their inherent characteristics of variability and uncertainty. Hence, resource planners must be adaptable to accommodate these resources in conducting resource planning. Understanding their impact on the electric grid must be prior and critical. In this paper, we have studied the potential impact of solar energy penetration in a particular location of PJM electricity market. Key economic and system variables that were analyzed include system production cost, market prices (average zonal prices), congestion (both hours and dollars), and transmission losses. We find that significant penetration of solar energy resources can produce system-wide economic benefits in the respective transmission areas as well as the entire system. © 2011 IEEE.
Lin J.,PJM Interconnection LLC
IEEE Power and Energy Society General Meeting | Year: 2011
Smart-Grid has been a buzzword in the power industry for some time. While smart-grid could mean differently to different entities, our understanding of it has been quite limited. In this paper, we describe the identifiable developments that seem to relate to so-called smart-grid and that can have impact on the grid and market operations. Obviously, not all developments around smart-grid would have meaningful impact on the market operation, while those that do have impact, have varying degrees of impact, depending on many factors. These various developments include, but not limited to, substation automation, phasor measurement, smart appliance, demand response, electric vehicles (P(H)EV), energy storage, micro-grid etc. We, then, categorize them based on their impact on specific part of power system, such as transmission and distribution, generation and load. We further select those developments that can have significant impact on the electricity market operation as well as market simulation. We then try to present various issues and challenges associated with these selected developments in terms of incorporating them in the market operation and simulation, to account accurately for their unique physical characteristics and economic nature. © 2011 IEEE.
Langbein P.L.,PJM Interconnection LLC
2012 IEEE PES Innovative Smart Grid Technologies, ISGT 2012 | Year: 2012
This paper provides an overview of demand response resource participation in PJM wholesale ancillary service markets which include: Day Ahead Scheduling Reserves, Synchronized Reserves and Regulation. © 2012 IEEE.
News Article | December 13, 2016
VALLEY FORGE, Pa., Dec. 13, 2016 /PRNewswire/ -- PJM Interconnection has appointed Susan Buehler as chief communications officer with responsibility for media relations, employee communications, creative services and PJM's online presence. "Susan's career in strategic communications...
News Article | February 16, 2017
VALLEY FORGE, Pa., Feb. 16, 2017 /PRNewswire/ -- The PJM Board of Managers has promoted Thomas O'Brien to senior vice president and chief information officer. O'Brien previously was vice president and chief information officer. "Now more than ever our industry needs visionary...
News Article | February 15, 2017
VALLEY FORGE, Pa., Feb. 15, 2017 /PRNewswire/ -- The PJM Interconnection Board authorized more than $1.5 billion in electric transmission projects to maintain reliable power supplies for the 65 million consumers in its 13-state and Washington, D.C. region. The authorizations include...
News Article | December 14, 2016
VALLEY FORGE, Pa., Dec. 14, 2016 /PRNewswire/ -- PJM Interconnection, which manages the high-voltage power grid for 61 million consumers in 13 states and Washington, D.C., expects to have sufficient resources to meet forecasted demand for electricity this winter. "PJM and...