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.