PJM, NYISO collaboration in full effect
In October 2012, PJM Interconnection and the New York Independent System Operator (NYISO) announced a long-term approach to optimize the flow of electricity across their common border and reduce threats to reliability. Today, the market partnership is in full effect with the successful implementation of the market-to-market coordination.
Together, PJM and NYISO will coordinate planning processes to facilitate efficient transmission investments; deploy smart grid technologies that maintain system balance through the use of robust data, communications and automated systems; and develop a shared understanding of regional natural gas delivery constraints for power generation.
The PJM/NYISO pairing will increase the efficiency and lower the costs of electric transmission congestion management. In addition, the partnership will provide more consistent prices across the two wholesale electricity markets because prices at the borders between them are expected to come together more closely. Additionally, a broader pool of resources means improved reliability.
"This is an important step forward for regional efficiencies and, most importantly, for reliability that benefits both our markets and the consumers we serve," PJM President and CEO Terry Boston said in a statement.
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