Category: Capacity Market

Task Force To Examine Market Reforms

Stakeholders and PJM examined how to harmonize markets and public policy at the state level at the Markets and Reliability Committee meeting Thursday in Wilmington. The committee approved a stakeholder-driven proposed problem statement and issue charge regarding the PJM Capacity…

MIC Discusses Fast-Start and Energy Storage NOPRs

The Market Implementation Committee’s work on Notices of Proposed Rulemaking from the Federal Energy Regulatory Commission was a highlight at the committee meeting on Jan. 11. PJM gave presentations on the NOPR on fast-start resources and on energy storage and…

MRC Endorses Capacity Obligation Proposal

At its Dec. 22 meeting, the Markets and Reliability Committee passed a proposal that clarifies when and how resource owners can replace their commitment in the capacity auction while still protecting market integrity and ensuring reliability. PJM and the Independent…

MIC Hears Progress on FERC Orders

The way PJM and its stakeholders will develop compliance language for several orders from the Federal Energy Regulatory Commission dominated the Market Implementation Committee meeting Dec. 14. PJM presented on two aspects of the FERC’s Order 825, on price formation,…

Special MIC Begins Review of DER Framework

PJM and its stakeholders reviewed potential frameworks for integrating distributed energy resources at a special Market Implementation Committee on Nov. 22. As a starting point, the special MIC focused on ancillary services and looked at generation resources versus demand response….

MRC Looks at Fuel Cost Process

On Nov. 17, the Markets and Reliability Committee tabled a proposal regarding fuel cost policies and approved problem statements regarding capacity auctions and load forecasting. PJM and stakeholders will revisit proposed language, with the intention of bringing it back to…

PJM Proposes Changes for Seasonal Resources’ Participation in Capacity Auction

PJM filed late Nov. 16 for approval from the Federal Energy Regulatory Commission of improvements to increase opportunities for seasonal resources to participate in the capacity auctions. The proposal enhances aggregation rules for seasonal resources to satisfy Capacity Performance requirements,…

Stakeholders Hear Order 825 Material at MIC 

PJM presented stakeholder education related to the implementation of Order 825 at the Market Implementation Committee on Oct. 5. Order 825, issued by the Federal Energy Regulatory Commission in June, standardizes some market designs associated with market settlements and shortage…

MIC Endorses Two Proposals

At its Sept. 14 meeting, the Market Implementation Committee passed a proposal on the release of annual capacity in the 2017/2018 delivery year third incremental auction. The committee voted in favor of the PJM proposal over the status quo; the…

Video Available for August Grid 20/20 

The video recording of PJM’s Grid 20/20: Focus on Public Policy Goals and Market Efficiency forum is now available. The morning session of the forum, which was held Aug. 19 at PJM’s campus in Audubon, Pa., examined the status quo and existing…