in News Departments > Projects & Contracts
print the content item

Alstom Grid has recently implemented its e-terramarket 3.0 market management software for the PJM Interconnection. According to Alstom Grid, the software will enable PJM to efficiently deploy fast-ramping energy resources in response to surging demand for electricity, as well as make PJM compliant with Federal Energy Regulatory Commission Order 755, which establishes a performance-based compensation system for sources of electricity that can be brought online quickly to ensure reliability.

In addition, Alstom Grid delivered a new shortage pricing model for PJM that the company says produces more accurate electricity prices when real-time operating reserves on the grid fall short of required levels.

"This new performance-based market structure creates greater incentive compensation for high-performing existing resources - and incentive for development of new, fast- responding technologies, such as batteries or flywheels, to participate in the frequency regulation market,” says Andrew L. Ott, senior vice president of PJM Markets. “Ultimately, as the actual performance of frequency regulation providers better matches the amount of resources needed, the system should realize greater efficiency and savings.”





Hse SandyHook
Latest Top Stories

SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.


New Study Underscores Value Of Customer Engagement, Ranks Most-Trusted U.S. Utilities

According to the report, which analyzes 125 utilities across the country, earning a customer's trust can lead to monetary gains.


Washington State Doles Out Cash For Utility Energy Storage Projects

Three utilities have been awarded millions of dollars in grants to explore energy storage technology that could help integrate renewable and improve the power grid.


Utilities Reveal Just How Much Customers Are Saving With Energy Efficiency Programs

Two U.S. utility companies have issued progress reports and solid numbers regarding their respective initiatives.


Middle East And North African Countries To Spend Billions On Smart Grids, Solar Integration

According to a new report from Northeast Group LLC, the MENA region will make big investments to modernize the grid and add more solar power by 2024.

S&C Electric_id176
edf_id180