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.”





Hybrid Energy Innovations 2015
Latest Top Stories

Duke Energy Commits $500M To Major Solar Expansion In N.C.

The utility company says the investment will help further diversify its portfolio, as well as increase solar power for its North Carolina customers by 60%.


Sensus Issues Refund To SaskPower After Smart Meter Woes

As SaskPower continues to swap out its Sensus units following several meter failures, the two companies have reached an agreement in order for the utility to recover costs.


The Smart Utility's Guide To Choosing A Smart Meter

Electricity providers across North America are taking on grid modernization. This article outlines the myriad factors a utility should consider in order to select the best-possible smart meter.


DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.

S&C Electric_id176
Hybrid Energy Innovations 2015
edf_id180
Future Energy_id187