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PJM Test > QUIZ: Markets & Real Time Ops > Flashcards

QUIZ: Markets & Real Time Ops Flashcards

1
Q
  1. At a minimum, PJM will request an Instantaneous Reserve Check (IRC) daily prior to

a. Each daily peak
b. The reliability assurance run
c. 12pm
d. The day-ahead market closure

A

a. Each daily peak

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2
Q
  1. A GOP who has not been provided with a voltage schedule from their TOP should follow:

a. Unity power factor schedule
b. PJM default voltage schedule
c. Reactive power schedule
d. SCED dispatch signal

A

b. PJM default voltage schedule

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3
Q
  1. In what two ways may a unit’s net capability be verified? (Select 2)

a. By calling the generation dispatcher and verbally reporting the capability
b. Through normal operations
c. By performing a summer or winter net capability test
d. Through the manufacturer’s specifications for the equipment

A

b. Through normal operations

c. By performing a summer or winter net capability test

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4
Q
  1. A synchronized reserve offer price may not exceed the units O&M cost plus a margin of ______

a. $10.00/MWh
b. $7.50/MWh
c. $100/MWh
d. $1000/MWh

A

b. $7.50/MWh

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5
Q
  1. The band of regulating capability must be ____________

a. Below the economic minimum of the unit
b. Within the economic limits of the generating unit
c. Greater than the economic max limit of the unit
d. A minimum of plus and minus 10MW

A

b. Within the economic limits of the generating unit

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6
Q
  1. At which hours does Gen Checkout occur? (Select 2)

a. 02:00
b. 04:00
c. 13:30
d. 18:00

A

a. 02:00

c. 13:30

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7
Q
  1. When are the day ahead market results posted?

a. 10:30
b. 13:30
c. 14:00
d. 18:00

A

b. 13:30

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8
Q
  1. Generation capacity resources shall submit a schedule of availability for:

a. The next three days
b. The next seven days
c. The next ten days
d. The next thirty days

A

b. The next seven days

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9
Q
  1. How much notice must be given to PJM before bringing a generator online?

a. 10 minutes
b. 20 minutes
c. 30 minutes
d. 60 minutes

A

b. 20 minutes

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10
Q
  1. Which of the following changes requires notification to PJM Dispatch in real time operations?

a. Change of offer price
b. Change of protocol
c. Any change in unit output
d. Shift change

A

c. Any change in unit output

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11
Q
  1. In addition to operating reserves, synchronized reserves, and quick start reserves, __________ reserves are also included on the IRC report.

a. Bilateral transaction
b. VACAR
c. NYISO
d. Supplemental

A

d. Supplemental

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12
Q
  1. If a price based unit chooses to be cost based startup and no load cost, it must remain that way for how long?

a. 30 days
b. 3 months
c. 6 months
d. 1 year

A

c. 6 months

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13
Q
  1. By what hour must resolutions for the TOMORROW report be handled?

a. 02:00
b. 04:00
c. 14:15
d. 16:00

A

c. 14:15

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14
Q
  1. By what hour must resolutions for the TODAY report be handled?
    a. 02:00
    b. 04:00
    c. 16:00
    d. 18:00
A

b. 04:00

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15
Q
  1. Any generator that has an RPM commitment must submit daily offers in the _____

a. Day-ahead market
b. Scheduling reserve market
c. Ancillary market
d. Real-time market

A

a. Day-ahead market

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16
Q
  1. What is also known as a forward market in which hourly clearing prices are calculated for each hour of the next operating day based on generation offers, demand bids, increment offers, decrement bids, and bilateral transaction schedules?
    a. Real-time market
    b. Day-ahead market
    c. Hourly market
    d. Weekly market
A

b. Day-ahead market

17
Q
  1. What is also known as the real-time energy market in which the clearing prices are calculated every five minutes based on the actual system operations security-constrained economic dispatch?
    a. Balancing market
    b. Day-ahead market
    c. Stock market
    d. Clearing market
A

a. Balancing market

18
Q
  1. Who may submit hourly demand schedules, including any price sensitive demand, for the amount of demand that they wish to lock in at day-ahead prices?
    a. LSEs
    b. Distribution Providers
    c. Regional Reliability Organizations
    d. NERC
A

a. LSEs

19
Q
  1. What is defined as the marginal price for energy at the location where the energy is delivered or received?
    a. Decremental price
    b. Incremental price
    c. Locational Marginal Price
    d. Cost price
A

c. Locational Marginal Price

20
Q
  1. At what time does the day-ahead market bid period close?
    a. 08:00
    b. 10:00
    c. 12:00
    d. 14:00
A

c. 12:00 (but it’s actually 11 now!)

21
Q
  1. At what time does PJM post the day-ahead hourly schedules and LMPs in the eMKT system, based on the first resource commitment. PJM also makes these results available in downloadable files, via the eMKT system, or a dedicated communication link?
    a. 12:00
    b. 14:00
    c. 16:00
    d. 18:00
A

c. 16:00 (but it’s actually 13:30 now!)

22
Q
  1. What time does the balancing market offer period close?
    a. 14:00
    b. 16:00
    c. 18:00
    d. 20:00
A

c. 18:00 ( I think it’s actually 1415 now?)

23
Q
  1. Market buyers may submit increment offers or decrement bids at any hub, transmission zone, aggregate, single bus, or eligible external interface point for which an LMP is calculated.
    a. True
    b. False
A

a. True

24
Q
  1. Generation owners planning to run generation resources scheduled in the day-ahead markets are required to call the PJM control center at least how soon prior to bringing the unit online?
    a. 10 minutes
    b. 15 minutes
    c. 20 minutes
    d. 30 minutes
A

c. 20 minutes

25
Q
  1. Should a unit wish not to participate in the regulation market in any given hour on the operating day, any updates should be made at least how long prior to the operating hour in the regulation updates screens of the eMKT system?
    a. 15 minutes
    b. 30 minutes
    c. 45 minutes
    d. 60 minutes
A

d. 60 minutes

26
Q
  1. PJM RTOs regulating requirement is what MW value during off-peak hours?
    a. 200 MW’s
    b. 350 MW’s
    c. 425 MW’s
    d. 525 MW’s
A

d. 525 MW’s

27
Q
  1. PJM RTOs regulating requirement is what MW value during on-peak hours?
    a. 400 MWs
    b. 500 MWs
    c. 650 MWs
    d. 700 MWs
A

d. 700 MWs (NOW 800)

PJM Test (31 decks)

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