PJM’s RTV upcoming market change starting June 1st
Dependent on the Federal Energy Regulatory Commission's (FERC) approval, the Real Time Value (RTV0 Market Rule Changes will go into effect starting on Tuesday, June 1, 2021. Once this change has been implemented, RTV submittals that are submitted via Markets Gateway will only be valid for a duration of one operating day. Schedules from the operating day that has the RTV will not roll forward. After this, the schedule will revert to the relevant parameter values prior to the submission of the RTV for the entire schedule.
Those Market Participants with multi-day RTV submittals that extend past June 1, 2021 should withdraw the RTV submittal or modify the end date to terminate on June 1, 2021. RTVs will need to be entered each day they are needed.
Adapt2 is aware of this change and expects no system impacts.