Category: Capacity Performance

MRC passes EE in CP, Load Forecasting Provisions

System reliability, Capacity Performance and load forecasting analysis were the focus of the December 17 Markets and Reliability Committee meeting. Vincent Duane, PJM general counsel and senior vice president, presented PJM’s views on actual and proposed state initiatives to sponsor…

MRC Approves Capacity Auction Parameters; Reviews Load Forecast Model Changes

 The reserve margin used in the Reliability Pricing Model capacity auction was one of the topics discussed at the October 22 meeting of the Markets and Reliability Committee.  The committee endorsed the 2015 recommended planning parameters, which incorporates the reserve…

Second Transitional Auction Reaches Capacity Performance Target for 2017-2018

Second Transitional Auction Reaches Capacity Performance Target for 2017-2018 PJM’s second transitional auction achieved its targeted procurement of resources to meet strict Capacity Performance standards for the 2017-2018 delivery year. It followed a successful transition auction for 2016-2017. A report…

Second Transition Auction Opens Today

The second of two PJM transitional auctions to integrate Capacity Performance into the capacity marketplace, opened today for the 2017-2018 delivery year. The auction closes Sept. 4. Results will be posted to pjm.com after 4 p.m. on Wednesday, September 9. Coverage of…

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,…