The Federal Energy Regulatory Commission issued an order Dec. 19 directing PJM to expand its current Minimum Offer Price Rule as it applies to PJM’s capacity market.
PJM issued the following statement in response to FERC’s announcement:
PJM has received the Federal Energy Regulatory Commission’s order on the capacity market and is reviewing it. From the details outlined in its meeting Thursday, FERC has provided direction to PJM and a 90-day compliance schedule. As we prepare our compliance filing, we will engage with our stakeholders and members to discuss the substance of the order and its impact beginning at the Jan. 8 Market Implementation Committee meeting.
(Note: Post updated Dec. 20)