PJM staff unveiled a new capacity market proposal at a special session of the Markets and Reliability Committee: the Resource-specific Carve Out, or ReCO.

FERC has denied requests to shut down debate on whether PJM’s Capacity Performance construct should make room for seasonal resources.

PJM would have to implement programs adhering to specific rules and strict oversight in order to include summer demand response in its load forecasts.

The New England Power Pool (NEPOOL) Markets Committee debated ISO-NE’s proposals for conducting fuel security reliability reviews.

PJM asked FERC to delay next year’s Base Residual Auction to provide it more time to respond to the commission requiring changes to capacity market rules.

The Market Implementation Committee overwhelmingly endorsed PJM’s proposal for revising how it calculates the balancing ratio.

MISO laid out a more detailed proposal for how it will determine the capacity accreditation of energy storage resources under FERC Order 841.

The MISO market was competitive in 2017, but the RTO should do more to address increasing congestion and low capacity prices, Monitor David Patton said.

In his quarterly state of the market report, the PJM IMM said the results of the 2018 Base Residual Auction show the need to change its capacity offer cap.

MISO, commited to moving forward, said it plans to refile a plan to create external capacity resource zones with FERC by the end of the month.