Alstom Grid has recently implemented a new market management software system enabling the PJM Interconnection to more efficiently deploy fast-ramping energy resources in response to surging demand for electricity.
This installation of Alstom’s upgraded e-terramarket platform also makes PJM compliant with Federal Energy Regulatory Commission (FERC) Order 755, which establishes a performance-based compensation system for sources of electricity that can be brought online quickly to ensure reliability.
As North America’s largest wholesale energy market, PJM faces a growing challenge to ensure a constant flow of electricity in an environment where demand can fluctuate rapidly.
Alstom’s recently-installed e-terramarket 3.0 software allows PJM to more efficiently call on energy resources such as battery and fly-wheel based storage systems ideally suited to providing a short-term boost in the supply of available electricity. Alstom Grid also delivered a new shortage pricing model for PJM that produces more accurate electricity prices when real-time operating reserves on the grid fall short of required levels.
