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Navigating PJM’s Proposed Demand Response Path: Enhancing Market Clarity and Confidence

This presentation focuses on PJM Interconnection’s proposal for integrating demand response bids with its existing RPM demand curve. It explores the transition mechanism that PJM will follow, outlining the steps to determine demand resource commitments and convert them to curtialment commitments. The proposal aims to provide market clarity by establishing procedures to release demand resources and potentially purchasing additional capacity if needed. It highlights the eligibility of load-serving-entity-based demand response to bid into incremental auctions while preserving terms of curtialment commitments during the transition period.

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Navigating PJM’s Proposed Demand Response Path: Enhancing Market Clarity and Confidence

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Presentation Transcript

  1. State of Demand Response Stu Bresler Vice President- Market Operations PJM Interconnection 10th OPSI Annual Meeting October 13, 2014

  2. A Potential Bridge to the Future Proposed path toward market clarity and confidence Fog of market uncertainty

  3. www.pjm.com Demand Response: PJM’s Proposal vs Today

  4. Integration of Demand Response Bids with RPM Demand Curve Shown based on existing PJM VRR Curve. PJM has proposed an alternative demand curve as part of its triennial review process.

  5. Transition Mechanism Summary PJM would: • Determine demand resource commitments which are load-serving-entity-based and can be directly converted to demand response curtailment commitments • Work with curtailment service providers, states and load-serving entities to explore how demand resource commitments may transition to load-serving entity-based curtailment commitments • Establish procedures to release demand resources that cannot be converted from capacity commitment • no capacity credit for released commitment • no curtailment obligation in delivery year • Account for released demand resources in remaining incremental auctions for three transition delivery years • if necessary, purchase additional capacity to replace released demand resources • load-serving-entity-based demand response eligible to bid into incremental auctions • Preserve terms of curtailment commitment in energy market for each type of demand resource (limited, extended summer and annual) during the transition.

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