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The Independent Market Monitor fired back at PJM’s request that FERC dismiss its complaint about the RTO’s default market seller offer cap. | Monitoring Analytics
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PJM wants FERC to toss out the Independent Market Monitor’s complaint about its default market seller offer cap. | PJM
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Unsound rules for calculating default market seller offer caps and other persistent structural flaws made PJM’s capacity market uncompetitive in 2018, the RTO’s Monitor said. | Monitoring Analytics
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The PJM Market Implementation Committee set up a showdown over whether the RTO can force capacity resources into energy-only status for failing to meet Capacity Performance requirements. | © RTO Insider
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PJM’s Market Implementation Committee, which approved changes to its must-offer exception rules in November, will consider two alternative proposals at its meeting March 6. | © RTO Insider
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PJM’s Independent Market Monitor asked FERC to order changes to the RTO’s Capacity Performance assumptions, saying the current rules allow sellers to exercise market power. | © RTO Insider
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The PJM Demand Response Subcommittee would be tasked with updating the testing rules for rarely dispatched DR resources under a problem statement and issue charge presented to members.
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FERC has denied requests to shut down debate on whether PJM’s Capacity Performance construct should make room for seasonal resources. | PJM
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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. | © RTO Insider
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The results of PJM’s 2018 Base Residual Auction illustrate the need to change how the RTO sets its capacity offer cap, the Independent Market Monitor said. | PJM, Monitoring Analytics
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PJM ordered its second load-shed event since implementing Capacity Performance in 2015 less than two months after ordering the first. | © RTO Insider
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PJM faced several high load forecasts and hot weather alerts last month but never had to take emergency procedures, the Operating Committee learned. | © RTO Insider
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The Markets and Reliability Committee approved PJM’s proposed revisions to adjust the methodology for developing the capacity model for winter peak weeks. | © RTO Insider
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PJM experienced 77 emergency procedures in May, staff told attendees at last week’s Operating Committee meeting. | © RTO Insider
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PJM ordered its first load-shed event since implementing Capacity Performance in 2015 after a transmission line in Indiana tripped offline. | © RTO Insider
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PJM members at last week’s MRC meeting endorsed revisions to an initiative examining the calculation of the balancing ratio used in setting capacity offer caps. | © RTO Insider
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FERC ordered a technical conference to consider whether PJM should move from a year-round to a seasonal capacity market construct. | PJM
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FERC rejected the Illinois Municipal Electric Agency’s challenge to PJM’s Capacity Performance rules for coal plants.
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PJM Market Implementation Committee members expressed frustration over a last-minute proposal from the Monitor on price-responsive demand. | © RTO Insider
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