Committees & Groups

Issue Details

Five Minute Dispatch and Pricing

The delay in publishing prices for two intervals on April 8, 2019, raises questions on the pricebounding violation validation checks, the thresholds used, and the timeline for publishing prices. The process is currently described in Manual 11, Section 2.11. The process, thresholds and criteria for revisions should be reviewed and described in full detail in Manual 11 to ensure transparency.

Issue Details

Strategic Focus Area: Markets
Issue Status: Evaluation in Progress
Stakeholder Body: Market Implementation Committee
Stakeholder Process Status: Education
Issue Catalyst: Monitoring Analytics - Investigation of the July 10, 2018, low ACE event and PJM’s subsequent Manual 11 changes. Delay in publishing prices on April 8, 2019.
Date Created: 6.12.2019
MC Approval Date:
Target Completion Date: 6.30.2020
Actual Completion Date:
FERC Filing(s): TBD
Agreement Change(s):
Manual Change(s): No
MC Annual Plan: 2019
Date Documents
8.7.2019 Meeting materials from the MIC meeting
Agenda  PDF
Agenda  DOC
Draft Minutes - MIC - 7.10.2019  PDF
Item 10A - Five Minute Dispatch & Pricing  PDF
Item 10B - Locational Price Calculator Education  PDF
6.12.2019 Meeting materials from the MIC meeting
Agenda  PDF
Agenda  DOC
Item 1 - Draft Minutes - MIC - 5.15.2019  PDF
Item 2A - Five Minute Pricing Issue Charge - Revision 2 - Clean  PDF
Item 2B - Five Minute Pricing - Problem Statement  PDF
Item 2C - Five Minute Pricing Issue Charge - Revision 2 - Redline  PDF
9.11.2019 Meeting materials from the MIC meeting
Agenda  PDF
Draft Minutes - MIC - 8.7.2019  PDF
Item 5A - Five Minute Pricing & Dispatch - IMM  PDF
Item 5B - Five Minute Dispatch - PJM Current Pricing Methodology  PDF
7.10.2019 Meeting materials from the MIC meeting
Agenda  PDF
Draft Minutes - MIC - 6.12.2019  PDF
Item 13A - Five-Minute Dispatch and Pricing - PJM Education  PDF
Item 13B - Five-Minute Dispatch and Pricing - IMM Education  PDF
5.15.2019 Meeting materials from the MIC meeting
Agenda  PDF
Agenda  DOC
Item 4A - Five Minute Dispatch and Pricing - Problem Statement  PDF
Item 4B - Five Minute Dispatch and Pricing - Issue Charge  PDF
9.23.2019 Meeting materials from the MC Webinar meeting
Item 7C - MIC Report  PDF
10.2.2019 Meeting materials from the MIC Special Session - Five Minute Dispatch and Pricing meeting
Agenda  PDF
Agenda  DOC
Item 3A1 - Alignment of Dispatch & Pricing - Issue Education  PDF
Item 3A2 - Alignment of Dispatch & Pricing - Market Impact Education  PDF
Item 4 - Price Transparency During Off SCED Periods & Price Bounding Events  PDF
6.24.2019 Meeting materials from the MC Webinar meeting
Item 6C - MIC Report - June  PDF
Item 6C - MIC Report - May  PDF
Item 6D - OC Report - May  PDF
10.16.2019 Meeting materials from the MIC meeting
Draft Minutes - MIC - 9.11.2019  PDF
8.19.2019 Meeting materials from the MC Webinar meeting
Item 6C - MIC Report - August  PDF
Item 6C - MIC Report - July  PDF
Date Type Documents
There are no governing documents currently associated with this issue