MISO, PJM look to address market efficiency projects
PJM and MISO know they need to address congestion between the markets even when it isn’t impacting settlement payments, but while the process aims to move quickly, there are certain groundrules that need to be in place first.
RTO Insider reported from the grid operators’ Interregional Planning Stakeholder Advisory Committee meeting last month, where PJM engineer Alex Worcester said “we should really have the JOA language worked out before we push further into the study.”
In Illinois, Indiana, Michigan and Ohio, the two grids are currently looking at 13 small projects. “We’re really looking for the small, low-cost, short lead time projects that alleviate historical congestion at the seam,” Worcester said.
On the other side of the TMEPs are the longer-term MEPs, which “require regional issues in both RTOs and are subject to regional process project approval,” according to a presentation from the July meeting. “MEP analysis is a longer and more rigorous process involving a long model development and review timeline with subsequent analysis.”