Category: Capacity Performance

First Transition Auction a Success

PJM’s first transition auction successfully procured the targeted amount of resources that meet Capacity Performance standards, according to the results which were announce today. The auction results report is posted on pjm.com. The auction, which ran August 26-27, was for…

Capacity Auction Results for 2018-19 in Line with Expectations

Executive column: Stu Bresler, senior vice president – Market Operations The recently completed Base Residual Auction has made Capacity Performance a reality in the capacity market structure. The Capacity Performance model directly links capacity payments with more stringent requirements for…

First PJM Transition Auction Opens Wednesday

August 26 UPDATE The first transitional auction to integrate Capacity Performance into 2016-2017 resources began today as scheduled. Late on August 25, the Federal Energy Regulatory Commission denied a complaint that would have delayed the start of the auction. The…

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…

PJM Base Residual Auction Closes Today

PJM’s annual capacity auction, also known as the Reliability Pricing Model Base Residual Auction, will close today, August 14. Results will be posted after 4 p.m. on August 21. The auction, for the year of 2018-19, is the first in…

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 Announces New Capacity Performance Transition Auction Dates

On July 28, PJM submitted a compliance filing with the Federal Energy Regulation Commission which allows Capacity Performance-capable demand response and energy efficient resources in the two Capacity Performance transition auctions. The filing also listed the new dates for the…

Report from July 23 MRC Meeting

PJM’s Markets and Reliability Committee endorsed a number of manual changes and proposals at its July 23 meeting, including two related to  Capacity Performance. Earlier in the day, PJM announced that it will adjust the schedule for two of its…

PJM Adjusting Transitional Auction Dates

At the direction of the Federal Energy Regulatory Commission, PJM will adjust the schedule for two of its upcoming transitional capacity auctions to allow demand response and energy efficiency providers to participate. PJM’s Base Residual Auction for the 2018/2019 delivery…

PJM Auctions Begin this Summer

NOTE: Per FERC’s direction on July 22 relative to the AEMA complaint, PJM is looking at changing the schedule for the transitional auctions. This story is no longer accurate. See updates here in Inside Lines. The new Capacity Performance requirement…