Category: Capacity Performance

MIC Looks at Balancing Ratio, Kentucky EE

PJM presented a proposal to address the average balancing ratio used in the base residual auction at the Market Implementation Committee Sept. 15. The balancing ratio is calculated during a performance assessment hour to determine each generation capacity resource’s obligation…

Stakeholders Debate Capacity Construct Proposals 

After two days of discussions that drilled down into the complexities of pricing, subsidies and market forces, members of the Capacity Construct Public Policy Senior Task Force may have a day to breathe. Then, beginning with a poll that will…

Task Force to Study Value of Summer-Only DR Outside of Capacity Market

Stakeholders at the Aug. 24 Markets and Reliability Committee meeting endorsed the creation of a new senior task force to study how summer-only demand response may be valued within the PJM marketplace, outside of the capacity market. Scott Baker, senior…

Court of Appeals Upholds CP Rules

On Tuesday, the United States Court of Appeals for the District of Columbia upheld the Federal Energy Regulatory Commission’s ruling on PJM’s capacity performance rules.  A group of nine entities had appealed the FERC’s ruling. The court ruled that the…

Resources and Reserves Available to Beat June Heat

Despite hot weather across the PJM footprint this week, no power supply problems are expected at this time. PJM has issued Hot Weather Alerts for the footprint for Monday, June 12, and Tuesday, June 13. The alerts were called because…

MIC Narrowly Passes EER Problem Statement  

PJM stakeholders on Wednesday at the Markets Implementation Committee narrowly passed a problem statement and issue charge that addresses state requirements on energy efficiency aggregation for PJM capacity market participation. The stakeholder discussion on the problem statement and issue charge…

PJM Discusses Auction Results at MRC

PJM presented a summary of the 2020/2021 Base Residual Auction results and report to stakeholders at the Markets and Reliability Committee meeting May 25. Jeff Bastian, manager – Capacity Market Operations, broke down the auction results into offered and cleared…

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…