Market Efficiency

PJM’s Regional Transmission Expansion Planning (RTEP) process includes the analysis of the economic efficiency of PJM’s energy and capacity markets associated with determining RTEP market efficiency upgrades. Manual 14BPDF addresses this in detail.

Transmission plans that result from PJM’s reliability analysis may also benefit market efficiency. Reliability-based RTEP projects are evaluated to determine if they can be advanced based on market efficiency benefits. Also, the review of historical and projected congestion metrics and other RTEP drivers may suggest new projects or based on market efficiency as the primary driver from combinations of the two.

Proposals for market efficiency projects may be proposed through the RTEP process.

Reference Files

Modeling PracticesPDF
2014 Training PresentationPDF
Manual 14BPDF
Operating AgreementPDF - Section 1.5.7


2016 Base Congestion ResultsXLS
Input AssumptionsXLS

Proposal Window

The current problem statement can be found on the RTEP Proposal Windows page.

Model Information

Information is available on the PJM market efficiency PROMOD model being utilized in the current market efficiency cycle. This information requires special access for critical energy infrastructure information (CEII) along with an active license with Ventyx for PROMOD and nodal simulation data.

View market efficiency economic models - sign in required or you will be asked to setup a new account and request for CEII access.