Valuing Resources in PJM’s Wholesale Markets
American Clean Skies Foundation
Project completed December 2011.
For this project, Synapse researched and wrote a whitepaper on options for providing enhanced revenues to selected resources in PJM’s wholesale markets. Three categories of resources were evaluated: those that provide operational flexibility to respond to system needs in two hours or less, those that satisfy specific state and federal policies (such as renewable portfolio standards), and those that reduce the carbon footprint of system resources. Options for enhanced revenues evaluated in the study include energy, capacity, and reserve market revenues. An initial draft was presented at an ACSF workshop in October 2011. The final draft was produced in December 2011.