Wheeling Power within PJM
What are the steps involved with wheeling power from one location/counterparty/source to another location/ctpy/sink within PJM? For this example, let's assume it's all DA settle, either next day or next month, etc
Theory is I would buy power from one ctpy at their injection/source point and sink it at another location for a profit. However, which systems would I use to schedule/notify PJM of this transaction? Clearly, I would need to reserve transmission but how/where do I do that? Once I have the transmission, do I then tag it and thats it? Are there any fees, etc that I should be aware of?
Any feedback is really appreciated.
This is all done via OASIS. Are you doing this for your own account?
What about webtag? what do you use that for? I guess i am confused about the difference between OASIS and WebTag?
Also... I am new to this as well, I am just now trying to learn about wheeling power and what it all means. Are these physical or financial transactions ?
Any info is greatly appreciated.
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