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 in recent annual auctions, this is the first auction where all resources must qualify as Capacity Performance resources.

In addition, new rules for enhanced aggregation and seasonal capacity are in effect for this auction. On March 21, the Federal Energy Regulatory Commission staff accepted PJM’s filing for new rules regarding aggregated resources, demand response, measurement and verification and winter period capacity rights to the auction.

More information about the auction is available at the Markets and Operations page on pjm.com, in the Capacity Market (RPM) section.

PJM will announce the auction results on May 23, after 4 p.m.