The PJM RTO Energy Market [electricity supply industry]

Summary form only given, as follows. This paper outlines the basic functions of the Pennsylvania Jersey Maryland (PJM) Interconnection Regional Transmission Organization (RTO) in the USA. Subjects covered include: the PJM energy market design; the various wholesale energy market products and hedging options; the implementation process to expand the PJM Market to include the PJM West control area which is scheduled for implementation on January 1, 2002; and summary statistics on the PJM energy market, including lessons learned from the past four years of energy market operations.