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PJM MARKETS CERTIFICATION EXAM (MARKET SETTLEMENTS 101 PPS) QUESTIONS WITH CORRECT ANSWERS

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PJM MARKETS CERTIFICATION EXAM (MARKET SETTLEMENTS 101 PPS) QUESTIONS WITH CORRECT ANSWERS

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Minimum Credit requirement for all participants engaging in Virtual or Export
(including CTS) transactions withOUT Audited Financials demonstrating $500,000 in
tangible net worth or $5 million in tangible assets?


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$200,000 initial credit required with 10% discount on all collateral




If the data is an identifying piece of information and not used as direct input into the
calculation for the associated billing item (ex. PNODE name, Transaction ID) the first
four digits of the numeric column identifier will be ________


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400x (400x represents 4000, 4001...)

, Minimum Credit requirement for FTR Participant withOUT Audited Financials
demonstrating $1 million in tangible net worth or $10 million in tangible assets?


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$50,000 initial credit required




A customer default is deemed to exist if:


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Member fails to make payment on or before the due date
‒ Failure to meet PJM credit worthiness requirements
‒ Failures are not corrected within 2 days after being notified by PJM




Weekly Billing Line Item Examples:


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• Network Integration Transmission Service charges and credits
• Day-ahead and Balancing Spot Market Energy, Transmission Congestion,
and Transmission Losses charges and Transmission Losses charges
• Transmission Congestion and Transmission Losses credits (excluding any
end-of-month excess congestion revenues)
• Inadvertent Interchange charges and Emergency Energy billing
• FTR Auction billing and ARR credits
• RPM-related billing (excluding penalties that are billed on a lag)

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