in News Departments > FYI
print the content item

The Federal Energy Regulatory Commission (FERC) has approved tariff revisions for the New York Independent System Operator (NYISO) and PJM Interconnection that PJM says will help improve scheduling of wholesale electricity sales between the two regions.

According to PJM, FERC's approval of coordinated transaction scheduling (CTS) will help enable PJM and NYISO to make more efficient use of the transmission lines that connect the two regions. CTS, PJM adds, will help improve scheduling efficiency, maximize transmission utilization and reduce counterintuitive interregional transmission schedules by explicitly incorporating projected price differences between the NYISO and PJM markets into interregional scheduling decisions.

PJM notes that technical enhancements include increasing the frequency of scheduling energy transactions over the transmission network between the two regions and implementing software changes to enable the two grid operators to coordinate their selection of the most economic transactions available.

"Over the past year, PJM and New York market participants successfully guided the CTS proposal through each region’s stakeholder process," comments Stephen G. Whitley, NYISO president and CEO. The result of these collaborative efforts is enhanced grid operations throughout New York and the Mid-Atlantic and savings for consumers across the regions."

Implementation of CTS is scheduled for November, PJM reports.




Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Renewable NRG_id1934
Canwea_id1984
Hybrid Energy Innovations 2015