Category: Capacity Market

PJM, Stakeholders Discuss Seasonal Capacity Resources

PJM and its stakeholders discussed market rule changes meant to address barriers for seasonal resources to participate in the PJM capacity market at the Seasonal Capacity Resources Senior Task Force meeting Aug. 1. The task force is examining ways in…

MRC Looks at Shortage Pricing

PJM began taking action regarding sub-hourly settlements and the triggers for shortage pricing July 28, when it presented a problem statement and issue charge at the Markets and Reliability Committee. On June 16, the Federal Energy Regulatory Commission issued a…

PJM Auction Continues To Attract New Resources

Results of PJM Interconnection’s second auction with stringent pay-for-performance standards attracted a significant amount of new resources at competitive prices to the PJM footprint. In addition, the auction for power-supply resources attracted continued strong participation from renewable resources and demand response. PJM procured…

PJM Answers MOPR Complaint

On April 11, PJM submitted an answer to the Federal Energy Regulatory Commission in response to a complaint regarding the Minimum Offer Price Rule. The Minimum Offer Price Rule established the minimum price certain new generation capacity resources could bid…

OC Undertakes Unit-Specific Parameter Process

In a discussion that took up much of the afternoon Tuesday, the PJM Operating Committee explored several topics on implementing capacity performance details. The discussions of these details will be on the agenda for several PJM committees in the next…

PJM Hosts Winter Prep Meeting

PJM hosted its annual Winter Prep Meeting with representatives from local natural gas distribution companies and the interstate pipelines on October 26 and 27 in Valley Forge, Pa. This is the second year PJM has hosted the meeting, which is…

PJM Announces Capacity Auction Results

PJM’s first capacity auction to include the new Capacity Performance requirement attracted a strong response from capacity resources prepared to meet the new pay-for-performance standards. The resources that qualified as Capacity Performance units ensure that a reliable electric supply will…

Base Residual Auction Begins Today

PJM’s annual capacity auction, also known as the Reliability Pricing Model Base Residual Auction, will open today, Aug. 10, and close on Aug. 14, with results posted after 4 p.m. on Aug. 21. The auction, for the year of 2018-19,…

PJM Says Load Forecast Changes are for Next Year’s Auction

On July 20, PJM filed its answer to the Joint Consumer Representatives’ complaint on applying the proposed new load forecast to the upcoming capacity auction. PJM’s Tariff requires that the preliminary PJM Region Peak Load Forecast is submitted by February 1…

Bresler Discusses CP and RPM

PJM’s Capacity Performance model debuts on July 27 in the first of two transitional auctions for capacity. On August 10, PJM will open the bidding window for its annual capacity auction for the year of 2018-19. Capacity auctions are where…