Ultimate PJM Generation Exam Review Questions And Answers Graded A+ What is an ISO/RTO responsible for? -Grid operations -Reliability -Transmission service Is an ISO/RTO is independent from: -market participants -governance structure Does an ISO/RTO posses operational authority? Yes PJM as an RTO Functions: - Administer tariff - Administer regional wholesale electric markets - Provide independent market - Provide for regional transmission expansion planning - Manage congestions - Supply ancillary services - Operator OASIS - Plan and coordinate transmission additions and upgrades RPM Reliability Pricing Model - Provides a long -term price signal, consistent with PJM Regional Transmission Expansion Planning process, for capcity resources and load serving entities' (LSEs) unforced capacity obligations FTR 3 levels of emergency conditions (Advisories), Alerts, Warnings, and Actions Alerts are issued Ahead of the operating day Warnings are issued during Real -Time, when conditions that could jeopardize RTO are observed
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