|
Load
Profiles, PLCs & Energy Settlement
BGE is a member of the PJM Interconnection, L.L.C. (PJM).
PJM is responsible for the operation and control of the bulk electric
power system throughout major portions of five Mid-Atlantic States and
the District of Columbia, including BGE's local distribution territory
or BGE zone. With the implementation of the PJM Open Access
Transmission Tariff on April 1, 1997, PJM began operating the nation's
first regional, bid-based hourly energy market. PJM enables
participants to buy and sell energy, schedule transactions and reserve
transmission service. PJM provides accounting and billing services for
these transactions using information supplied by each member utility.
In addition, it operates the competitive wholesale energy market for
the region and facilitates open access to transmission.
Electricity
suppliers who
sell electricity to customers within the BGE zone must become Load
Serving Entity (LSE) members of PJM, or contract with a third party
LSE. Detailed information including rules for participation in the
market administered by PJM may be found on
PJM Interconnection, LLC.
PJM's foremost
responsibility is the safe and reliable operation of the transmission
system and ensuring the reliable supply of energy from generating
resources to wholesale customers. To ensure reliable supply and
transmission, PJM requires that each LSE serving
retail load within PJM be responsible for its portion of the supply
and the transmission resources required as described in the links
below.
Reliability Pricing Model (RPM)
On June 1, 2007, PJM will replace their existing
capacity construct with their new resource adequacy construct known as
the Reliability Pricing Model (RPM). The purpose of the RPM is
to provide a long-term price signal for capacity resources and LSE's
unforced capacity obligations that are consistent with the PJM Regional
Transmission Expansion Planning process. According to PJM, this
new model should provide sufficient resources
to ensure
the reliability of the PJM region for future years. For more
information, go to the
Reliability Pricing Model link on the PJM web
site.
|