U.S. PJM Power Market

Author: Lambert
Publisher:
Publish Date: 2007-01-01
Features: PJM is the largest and most technologically advanced, forward-thinking electricity competitive market in the United States and currently in the world. This book was completed with the full cooperation of PJM, based on a comparative study by the author Jeremy D. Lambert on key aspects such as market regulation, organizational systems, and transmission pricing between PJM and other ISOs. The book is divided into nine chapters, systematically introducing the PJM market and its development history, the evolution of the PJM electricity competitive market (including the development and evolution of various agreements such as the Transmission Grid Owner Agreement, the Mid-Atlantic Market Operations Agreement, the Reserve Allocation Agreement, the Independent System Operator Agreement, and the PJM Arbitration Agreement), the evolution and functions of PJM transmission rates and PJM organizational structure. It also provides a detailed introduction to the use of PJM market tools. PJM evolved from a tight-knit power pool into a successful ISO, and its development process, operational model, and successful operational experience provide a reference template for the entire electricity industry reform. Therefore, this book is a valuable reference for professionals, managers, and government departments in the fields of electricity, economics, and law. It is also a learning reference for students and researchers in universities and colleges studying electricity market construction and operation.