Category: Capacity Market

PJM Capacity Auction Sees Strong Response from Market Participants

PJM Interconnection completed its first annual capacity auction in which all resources had to meet strict capacity performance requirements. The auction procures power supply resources to meet consumers’ electricity needs three years from now. The auction produced a price of…

PJM Responds to 2016 State of the Market Report

PJM today released its response to the 2016 State of the Market Report, produced by Monitoring Analytics, the independent market monitor (IMM) for PJM. The 2016 State of the Market Report provides an assessment of market performance and recommendations aimed…

PJM Base Residual Auction Opens Today

The sell offer window for the PJM Base Residual Auction – the annual capacity auction – for the 2020/2021 delivery year opens today, May 10, and will close at 5 p.m. (EPT) Tuesday, May 16, 2017. After a gradual transition…

MIC Revisits Rules on CP Registration

On Wednesday, for the second month in a row, stakeholders navigated through complicated issues at the Markets Implementation Committee. Members deliberated when emergency/pre-emergency demand response resources can register as  capacity performance resources, revisited state restrictions on energy efficiency resources aggregation…

Ott and Bresler Testifying at FERC on State Policy, Markets

PJM President and CEO Andy Ott and Stu Bresler, senior vice president − Operations and Markets, will testify at a two-day technical conference at the Federal Energy Regulatory Commission May 1 and 2. The conference, “State Policies and Wholesale Markets…

Stakeholders Debate Endorsements at MRC

Stakeholders tackled challenging topics such as virtual transactions and various aspects of the capacity construct at a sometimes contentious Markets and Reliability Committee meeting on April 27. Tom O’Brien, senior vice present and PJM chief information officer, also cautioned members…

PJM Files Amicus Curiae Brief on ZEC Program

PJM Tuesday filed an amicus curiae brief with the United States District Court in Illinois regarding the state’s zero emission credit program. PJM believes the program will substantially harm the wholesale electricity markets that PJM operates, as well as the…

Ott Comments on State Policy and Competitive Markets

In anticipation of his appearance at a Federal Energy Regulatory Commission technical conference on May 1, PJM President and CEO Andy Ott offered his thoughts on state policies and the wholesale market. His testimony was filed in advance of his…

Grid 20/20 Update: WebEx Available

Registration for in-person attendance for PJM’s Grid 20/20: Focus on Resilience (Fuel Mix Diversity & Security) on April 19 has closed; the venue has reached full capacity. However, the forum will be available via teleconference and WebEx. Teleconference Information Participant…

Stakeholders Tackle Tough Issues at MIC

Members examined a number of complicated topics at the Market Implementation Committee meeting on April 12. Extended discussions revolved around energy efficiency, aggregated resources and the fuel cost policy process. PJM provided a first read of a problem statement and…