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April 24, 2025

Capacity Market

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FERC Approves PJM-Pa. Agreement on Capacity Price Cap, Floor
FERC approved a PJM proposal to limit capacity prices to between $175 and $325/MW-day for the next two Base Residual Auctions, resolving a complaint from Pennsylvania Gov. Josh Shapiro.
PJM
PJM MRC/MC Preview: April 23, 2025
The committees are expected to vote on manual revisions and hear a proposal to rework how resources providing black start service are compensated.
© RTO Insider 
GCPA Hears Different Tales on Texas Load Growth from 2 CEOs
Two power industry CEOs at the Gulf Coast Power Association’s spring conference offered two different takes on ERCOT load growth over the rest of the decade — and how the sector should deal with a potential doubling of peak demand by 2031.
McDermott International
DC Circuit Rejects Entergy Attempt to Save MISO Capacity Obligation Rule
An appeals court has denied Entergy’s repeat attempt to revive a 50% minimum capacity obligation rule for MISO’s load-serving entities, concluding Entergy lacked standing.
PJM
Md. Consumer Advocate Seeks Price Cut in PJM 2024 Capacity Auction
The Maryland Office of People’s Counsel filed a complaint alleging the rules used in PJM's 2025/26 Base Residual Auction would require consumers to pay twice for capacity provided by generators operating on RMR agreements.
© RTO Insider LLC
MISO: DR to Face More Stringent Testing by 2026 Capacity Auction
MISO said its next capacity auction in spring 2026 will feature more rigorous testing for its demand response that registers to provide capacity.
The Brattle Group
ACP Road Map Suggests Market Changes to Increase Storage Participation
ACP released a report produced by The Brattle Group laying out how organized markets can replicate the success CAISO and ERCOT have had in deploying energy storage resources.
ISO-NE
NEPOOL Markets Committee Briefs: April 8-9, 2025
The NEPOOL Markets Committee convened a two-day meeting focused on ISO-NE’s capacity auction reform project, along with other business.
Fletcher6, CC BY-SA 3.0, via Wikimedia Commons
ISO-NE Outlines Market Power Mitigation Measures for CAR Project

ISO-NE discussed its plans for preventing and mitigating market power as it overhauls its capacity market and resource retirement processes at a NEPOOL Markets Committee meeting.

PJM
PJM MIC Briefs: April 2, 2025
The Market Implementation Committee endorsed a joint PJM and Independent Market Monitor proposal to rework how uplift and deviation charges are calculated for market sellers.

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