PJM staff outlined their proposal for registering aggregations of seasonal Demand Response (DR) resources that can’t comply with the year-round requirements of Capacity Performance.
Three owners of gas-fired generation in PJM’s territory have filed a complaint asking FERC to direct the RTO to adopt what they’ve termed a “clean MOPR.”
PJM ordered its first load-shed event since implementing Capacity Performance in 2015 after a transmission line in Indiana tripped offline.
PJM is pressing FERC to make a decision on the RTO’s “jump ball” capacity filing, arguing that the commission is within its authority to do so and pointing out what it considers to be hypocrisy in opponents’ criticism of the filing.
FERC denied a complaint from the New Jersey BPU to reallocate the Bergen-Linden Corridor project’s costs, leaving PSEG to pay for most of it.
PJM and the Monitor presented members with separate proposals to revise the long-term financial transmission rights market.
Capacity auction prices increased sharply in most of PJM for delivery year 2021/22, with demand response and energy efficiency making gains while cleared nuclear power capacity dropped.
The first and only chairman of PJM’s Board of Managers retires Wednesday. It’s a day for which he has had years to prepare, and yet he admits he may never be fully ready to let go.
FERC has signaled that it’s done dealing with PJM’s concerns about market participants selling “paper capacity” to arbitrage price differences between the Base Residual and Incremental auctions.
PJM’s Market Implementation Committee approved manual revisions reducing the number of virtual bidding locations by almost 90%.