| 2017 | 2018 | ||||||
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| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 |
MISO and PJM have been collaborating on a hybrid approach since August 2015 to seek incremental improvements for the MISO-PJM interface price. There have been several proposed solutions. MISO and PJM are working in partnership on a comprehensive analysis to establish baseline and valuate all options against the baseline. 1. The cause of the interface pricing issue is driven by the modeling overlap by the two RTOs. This modeling overlap causes two main issues: a) Duplicative counting of congestion leading to price inaccuracy on M2M constraints; b) Revenue inadequacy leading to uplift in RT market. 2. There are potential unintended consequences: a) Price volatility on M2M constraints will create uncertainties for Market participants to schedule efficient transactions; b) Price efficiency on M2M and Non-M2M constraints.
(formerly MSC044)