PJM, NYISO commit to broader regional markets initiative
The agreement on a long-term strategy is an outgrowth of extensive cooperation between the two organizations to improve management of transmission congestion across both markets
Valley Forge, Pa., October 17, 2012 — The boards of both PJM Interconnection and the New York Independent System Operator (NYISO) agreed to a long-term strategy to optimize the flow of electricity across their common border and reduce threats to reliability.
The agreement on a long-term strategy is an outgrowth of extensive cooperation between the two organizations to improve management of transmission congestion across both markets.
PJM and NYISO have been working to reach agreement on flow calculations, modeling approaches and procedures intended to reduce seams congestion. The new market-to-market software and processes will be operational January 2013.
Currently, work is underway for an interregional study that will examine the impacts of natural gas expansion on PJM and the NYISO's systems, both near and long-term.
The study will look at existing and planned pipeline and generation facilities and identify contingencies on the regional natural gas system that could adversely affect reliability. The study also will evaluate the adequacy of the regional gas pipeline system to meet electricity system needs.
NYISO is a not-for-profit corporation responsible for operating the state's bulk electricity grid, administering New York's competitive wholesale electricity markets, conducting comprehensive long-term planning for the state's electric power system, and advancing the technological infrastructure of the electric system serving the Empire State.
PJMensures the reliability of the high-voltage electric power system serving 60 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.
PJM coordinates and directs the operation of the region's transmission grid, which includes 59,750 miles of transmission lines; administers a competitive wholesale electricity market; and plans regional transmission expansion improvements to maintain grid reliability and relieve congestion.