Regulation Service

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  1. PJM to use pay-for-performance model for regulation service

    Valley Forge, Pa., October 2, 2012 — PJM Interconnection successfully implemented its performance-based regulation rules, a means to align compensation with actual performance for resources that provide regulation service. Regulation service, a separate market from energy and capacity, corrects for short-term changes in electricity use that might affect the stability of the power system. PJM uses a variety of resources to meet frequency regulation needs. These resources differ in the speed in which they can increase and decrease their production, and differ in the accuracy of their response to the dispatch signal. Prior to this new structure, the regulation market did not distinguish between various levels of performance, and all resources were paid the same if they met minimum performance standards. PJM also implemented a structure for shortage pricing yesterday. Shortage pricing establishes new rules for setting prices when PJM is operating at or close to a shortage of operating reserves. Reserves are resources that are not supplying the system but are quickly available to provide energy if needed. PJM seeks to have enough energy reserves to handle the loss of the largest generating unit on the system at the time.

    Online Articles

    Online Articles

    Tue, 2 Oct 2012

  2. Beacon Power flywheel plant reaches full 20MW capacity

    World’s first grid-scale flywheel energy storage facility providing 20-megawatts of regulation service in Stephentown, New York.

    Online Articles

    Online Articles

    Tue, 21 Jun 2011

  3. AES to bring advanced energy storage systems to Ohio

    AES to expand energy storage resources in PJM market with first advanced energy storage facility in Ohio.

    Online Articles

    Online Articles

    Tue, 18 Jun 2013

  4. Beacon Power Flywheel plants to benefit from proposed FERC market rules

    Beacon Power Corporation is expected to benefit from expanded business opportunities if new market rules recently proposed by the Federal Energy Regulatory Commission (FERC) are implemented permanently.

    Online Articles

    Online Articles

    Tue, 30 Nov 2010