FAQs
Other/General
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FAQ-62:
How will any incremental costs related to PJM’s Capacity Performance Product, if approved by the FERC, need to be incorporated into bids?
On December 12, 2014, PJM filed reforms to the Reliability Pricing Market (“RPM”) in regards to the Capacity Performance Product in Docket ER15-623. Additionally, on April 10, 2015, PJM filed a response to FERC’s letter dated March 31, 2015 that informed PJM that its initial proposal was deficient and requested additional information. In this response, PJM is requesting that the FERC accept the reforms effective April 1, 2015 as initially proposed, so that PJM can implement these changes for the 2018/2019 Base Residual Auction.
Neither the Auction Manager nor AEP Ohio can comment on this product or when it will be implemented. Bidders and SSO Suppliers are entirely responsible for investigating potential market changes in PJM and for any other circumstances or factors that may affect their evaluation of providing full requirements to AEP Ohio’s SSO customers. As stated in the Recitals of the Master Standard Service Offer (“SSO”) Supply Agreement, “each SSO Supplier will satisfy its Capacity obligations under the PJM Agreements associated with its respective SSO Supplier Responsibility Share in accordance with the PJM Agreements, including, without limitation, through participation in the base residual auction and incremental auctions administered by PJM.”
Additionally, please see Paragraph 3.1(d), which states “during the Term, each SSO Supplier is responsible, at its sole cost and expense, for any changes in PJM products and pricing required for the delivery of its SSO Supplier Responsibility Share, including all other costs and expenses related to transmission and Ancillary Services in connection with the provision of SSO Supply in proportion to its SSO Supplier Responsibility Share, except for any changes to products or the pricing of such products that are the responsibility of AEP Ohio pursuant to Section 3.2.” Thus, to the extent that PJM introduces a change to its capacity market structure in the form of a Capacity Performance Product or in some other manner, SSO Suppliers are responsible for any increase or decrease in capacity costs that would result.
05/04/2015 in Other/General
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FAQ-56:
Did AEP Ohio participate in the ARR allocation process for delivery year 2015/16? If so, will SSO Suppliers get the ARR credits? Did AEP Ohio use AEPOhio_Residual_AGG as the sink? Could you please provide the nominated paths? Will AEP Ohio transfer the nomination rights to SSO suppliers for the ARR allocation process for delivery year 2016/17?
Yes, AEP Ohio participated in the ARR allocation process on behalf of SSO Suppliers for the SSO Load procured in the 1st and 2nd ESP III Auctions for delivery year 2015/16. SSO Suppliers will get the ARR credit for this delivery year. AEPOhio_Residual_AGG was used as the sink. AEP Ohio will transfer the nomination right to SSO Suppliers that win tranches of the 24-month and 36-month products so they can participate in the ARR allocation process for delivery years 2016/17 and 2017/18 (if applicable). No data regarding the ARR allocation process will be provided at this time.
04/23/2015 in Other/General
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FAQ-48:
Will SSO Suppliers get paid based on energy volumes grossed up for distribution and transmission losses and derated for PJM marginal losses?
Yes that is correct. Please note that the historical de-ration factors for PJM’s transmission losses are available on PJM’s website through PJM’s InSchedule tool.
04/23/2015 in Other/General
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FAQ-39:
Please provide the Auction Revenue Rights (“ARR”) paths for which ARR credits will be allocated in the new AEP Ohio Zone beginning June 2015?
This data will not be provided at this time.
04/20/2015 in Other/General
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FAQ-14:
How do I prevent the settlements related to tranches awarded by an auction under this competitive bidding process (“CBP”) from co-mingling with my existing PJM activity during the monthly settlement cycle? Do we need to set up a sub-account or is all settlement done under different charge codes?
PJM Market Participants can set up a separate PJM eSuite sub-account for the discrete settlement of tranches awarded by an auction under the competitive bidding process (“CBP”) of AEP Ohio. Please address any additional questions on this topic to PJM.
04/01/2015 in Other/General
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FAQ-5:
What is the name of the pricing point with the Pnode ID 1269364670?
The name of the pricing point with the Pnode ID 1269364670 is AEPOHIO_RESID_AGG. For more information, please see PJM's website:
03/27/2015 in Other/General
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