Market Performance. Volume. In the first ten months of the 2015 to 2016 planning period Monthly Balance of Planning Period FTR Auctions 2,154,584 MW (9.3 percent) of FTR buy bids and 1,098,875 MW (24.4 percent) of FTR sell offers cleared.
Market Performance. Volume. The 2015 to 2018 Long Term FTR Auction cleared 277,865 MW (8.9 percent) of demand) of FTR buy bids, compared to 197,125 MW (6.4 percent) in the 2014 to 2018 Long Term FTR Auction. The Long Term FTR Auction also cleared 34,629 MW (14.4 percent) of FTR sell offers, up from 21,501 MW (6.8 percent) in the 2014 to 2017 Long Term FTR Auction. In the Annual FTR Auction for the 2014 to 2015 planning period 365,843 MW (10.4 percent) of buy and self-schedule bids cleared, down from 420,489 MW (12.8 percent). For the first seven months of the 2014 to 2015 planning period Monthly Balance of Planning Period FTR Auctions 1,557,350 MW (8.7 percent) of FTR buy bids and 525,036 MW (21.7 percent) of FTR sell offers cleared.
Market Performance. Volume Table 13‑4 Monthly Balance of Planning Period FTR Auction market volume: January through September 2014 Monthly Auction Type Trade Type Bid and Requested Count Bid and Requested Volume (MW) Cleared Volume (MW) Cleared Volume Uncleared Volume (MW) Uncleared Volume Table 13‑5 Monthly Balance of Planning Period FTR Auction buy‑bid, bid and cleared volume (MW per period): January through September 2014 Monthly Auction MW Type Prompt Month Second Month Third Month Q1 Q2 Q3 Q4 Total
Market Performance. Volume. Of 164,770 MW in ARR requests for the 2012 to 2013 planning period, 97,986 MW (59.5 percent) were allocated. Market participants self scheduled 40,195 MW (45.1 percent) of these allocated ARRs as Annual FTRs. Of 148,538 MW in ARR requests for the 2011 to 2012 planning period, 102,476 MW (69.0 percent) were allocated. Market participants self scheduled 46,017 MW (44.9 percent) of these allocated ARRs as Annual FTRs. • Revenue. There are no ARR revenues. ARRs are allocated to qualifying customers because they pay for the transmission system.
Market Performance. Volume Table 12‑26 Annual ARR allocation volume: Planning periods 2011 to 2012 and 2012 to 2013 (See 2011 SOM, Table 12‑30) Planning Period Stage Round Requested Count Requested Volume (MW) Cleared Volume (MW) Cleared Volume Uncleared Volume (MW) Uncleared Volume Revenue
Market Performance. Volume. The 2012 to 2015 Long Term FTR Auction cleared 259,885 MW (10.8 percent of demand) of FTR buy bids, compared to 238,681 MW (12.0 percent) in the 2011 to 2014 Long Term FTR Auction. The 2012 to 2015 Long Term FTR Auction also cleared 31,288 MW (12.5 percent) of FTR sell offers, up from 12,501 MW (7.0 percent) in the 2011 to 2012 Long Term FTR Auction. For the 2011 to 2012 planning period, the Annual FTR Auction cleared 341,726 MW (10.6 percent) of FTR buy bids, compared to 231,663 MW (13.6 percent) for the 2010 to 2011 planning period. The 2011 to 2012 Annual FTR Auction also cleared 24,960 MW (7.4 percent) of FTR sell offers for the 2011 to 2012 planning period, up from 10,315 MW (5.8 percent) for the 2010 to 2011 planning period. For the first seven months of the 2011 to 2012 planning period, the Monthly Balance of Planning Period FTR Auctions cleared 1,589,990 MW (12.5 percent) of FTR buy bids and 427,443 MW (10.7 percent) of FTR sell offers.
Market Performance. On June 1, 2011, the American Transmission Systems, Inc. (ATSI) Control Zone was integrated into PJM. Network Service Users and Firm Transmission Customers in the ATSI Control Zone participated in the 2011 to 2012 Annual ARR Allocation. For a transitional period, those customers that receive, and pay for, firm transmission service that sources or sinks in newly integrated PJM control zones may elect to receive a direct allocation of FTRs instead of an allocation of ARRs. This transitional period covers the succeeding two Annual FTR Auctions after the integration of the new zone into PJM. In the 2011 to 2012 planning period 5,434 MW of ARRs were requested and 2,770 MW were allocated (51 percent) and 7,750 MW of directly allocated FTRs were requested while 4,189 MW were allocated (54 percent). • Volume. Of 148,538 MW in ARR requests for the 2011 to 2012 planning period, 102,476 MW (69.0 percent) were allocated. Market participants self scheduled 46,017 MW (44.9 percent) of these allocated ARRs as Annual FTRs. Of 135,614 MW in ARR requests for the 2010 to 2011 planning period, 101,843 MW (75.1 percent) were allocated. Market participants self scheduled 55,732 MW (54.6 percent) of these allocated ARRs as Annual FTRs. • Revenue. There are no ARR revenues. ARRs are allocated to qualifying customers because they pay for the transmission system. • Revenue Adequacy. For the 2011 to 2012 planning period, the ARR target allocations were $947.3 million while PJM collected $1,051.8 million from the combined Long Term, Annual and Monthly Balance of Planning Period FTR Auctions through December 31, 2011, making ARRs revenue adequate. For the 2010 to 2011 planning period, the ARR target allocations were $1,028.8 million while PJM collected $1,066.9 million from the combined Long Term, Annual and Monthly Balance of Planning Period FTR Auctions, making ARRs revenue adequate. • ARR Proration. Stage 1A ARR requests may not be prorated. Some of the requested ARRs for the 2011 to 2012 planning period were prorated in Stage 1B and Stage 2 as a result of binding transmission constraints. For the 2010 to 2011 planning period, no ARRs were prorated in Stage 1B of the annual ARR allocation. • ARRs and FTRs as an Offset to Congestion. The effectiveness of ARRs as an offset to congestion can be measured by comparing the revenue received by ARR holders to the congestion costs experienced by these ARR holders in the Day-Ahead Energy Market and the balancing energy market. For the 2010 t...
Market Performance. Volume. The 2018/2021 Long Term FTR Auction cleared 345,506 MW (16.8 percent) of FTR buy bids, up 16.3 percent from 297,083 MW (13.6 percent) in the 2017/2020 Long Term FTR Auction. The Long Term flow FTRs, including 54.9 percent of all prevailing flow FTRs and 73.7 8 Xxxxxxxxx, Xxxxxxx, Email sent to the MC, MRC, CS and MSS email distribution list, “PJM Member Default – Amerigreen Energy, Inc.,” percent of all counter flow FTRs during the period from January through June, 2018. (June 13, 2018). 9 Xxxxxxxxx, Xxxxxxx, Email sent to the MC, MRC, CS, and MSS email distribution list, “Notification of GreenHat Energy, LLC Payment Default,” (June 22, 2018). 10 “PJM Manual 6: Financial Transmission Rights,” Rev. 20 (June 1, 2018) at 47.
Market Performance. Volume Table 13-6 Annual ARR Allocation volume: 2017/2018 and 2018/2019 Planning Period Stage Round Requested Count Requested Volume (MW) Cleared Volume (MW) Cleared Volume Uncleared Volume (MW) Uncleared Volume Stage 1A Infeasibility Table 13-7 Stage 1A overloaded facility reasons and MW Reason Type MW Count Figure 13-2 Stage 1A Infeasibility funding impact Table 13-8 Qualified Replacement Resource results: 2018/2019 Zone Historical Retired Replacement (All) Replacement (Rate-based) Revenue Table 13-9 ARR Revenue at 2016/2017, 2017/2018 and 2018/2019 FTR prices 2016/2017 ARRs 2017/2018 ARRs 2018/2019 ARRs 2016/2017 2017/2018 Table 13-10 Projected ARR revenue adequacy (Dollars (Millions)): 2016/2017 and 2017/2018 Revenue Adequacy
Market Performance. Volume
3.1 percent from 365,843 MW for the previous planning period. There were 378,744 MW of sell offers with 63,983 MW (16.9 percent) clearing for the 2015 to 2016 planning period. The total volume of cleared buy and self- scheduled bids was 378,328 MW, up 3.4 percent from 365,843 in the previous Annual FTR Auction.
