Category: Capacity Performance

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…

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…

Operating Committee Reviews Results of Assessment Hour Simulation

PJM reviewed the results of a simulated performance assessment scenario and other Capacity Performance-related topics at the Operating Committee meeting Feb.7. Stakeholders requested a simulation of a performance assessment hour by calculating performance penalties and bonuses using actual data from…

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,…

Seasonal Resources, Capacity Performance Lead MRC Topics

What is next for PJM and its stakeholders for seasonal resources highlighted a heavy agenda at the Markets and Reliability Committee meeting Oct. 27. Over the past six months, stakeholders and PJM sought to better enable seasonal resources to offer…

CP Investments Highlight Webinar

At the Oct. 24 Members Committee Webinar, stakeholders heard how Capacity Performance has spurred generation owners to make investments that will better serve them in the capacity market. Chantal Hendrzak, executive director – Operations Support, presented a progress report on…