PJM filed two documents on July 9 with the Federal Energy Regulatory Commission in compliance with FERC’s order that approved PJM’s Capacity Performance proposal on June 9, 2015. FERC asked PJM to make certain modifications to its proposal.
- capacity resource performance requirements
- Non-Performance Charges
- Fixed Resource Requirement plans
- market power mitigation; credit requirements
- capacity obligation allocation methodology
Capacity Performance will be transitioned into the capacity auction, beginning with the first transitional auction for 2016/17 that begins July 27 and it will be fully implemented in the 2018/2019 Base Residual Auction, which begins Aug. 10, 2015.