PJM issued a market notice stating, "PJM did not use the correct bias factor when calculating the Regulation Lost Opportunity Cost (LOC) settlement for hydro units."

PJM said in the notice that, "PJM is authorized and obligated under section 10.4 of its PJM Open Access Transmission Tariff and section 15.6 of its Amended and Restated Operating Agreement of PJM Interconnection, L.L.C., to issue adjusted billing statements to correct such errors for a period going back no more than 2 years from notifying Market Participants of such error. Given this letter serves as notification, PJM will rebill for any such erroneously provided Regulation billing back to February 1, 2018."

"PJM will provide more details including the associated dollars and timing of when you expect to see billing adjustments as this information becomes available," PJM said in the market notice

Tags:
PJM   Resettlement   Pricing  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
FERC Orders $230 Million In Penalties Against GreenHat, Related Parties '
NRG To Trim Costs, Reviews Retail Pricing Structure After Direct Energy Acquisition '
FERC Rules That Entering Bilateral FTR Data Into PJM System Does Not Create A Separate Contract
ERCOT Board Approves DAM and RTM Price Corrections
ERCOT Identifies NPRR833 Implementation Error