PJM Posts Zonal Allocation of 2019/2020 Excess Commitment Credits To LSEs
April 29,2019
PJM in a market notice stated that Excess Commitment Credits totaling 2,063.9 MW (CP: 644.9 MW; Base Gen: 1,419.0 MW; Base DR/EE: 0 MW) will be allocated to all RPM Load Serving Entities (LSEs) across the RTO for the 2019/2020 Delivery Year.
An LSE may use Excess Commitment Credits as Replacement capacity or may transact the credits bilaterally to another entity for use as Replacement capacity.
Excess Commitment Credits are allocated to each Zone (see file located at link below for the zonal allocation) and will be further allocated to all LSEs within each Zone based on each LSE’s share of the Zonal UCAP Obligation as determined on 6/1/2019. Shortly after LSE Obligation Peak Load values are loaded into the eRPM system for 6/1/2019, PJM will allocate Excess Commitment Credits to LSE accounts and will provide a follow-up communication when the Excess Commitment Credits are available for use as Replacement capacity. This follow-up communication will also provide information on the timing of Replacement Capacity transactions that use the Excess Commitment Credits as Replacement capacity.