The PJM Monitor remains unconvinced that performance metrics during localized load sheds should be used to calculate capacity market default offer caps.

The PJM Markets and Reliability and Members committees agreed to fast-track a proposal on demand response.

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

Fernandez told the PJM MIC that his staff are still completing calculations for retroactively reallocating costs for certain transmission projects.

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.

PJM hit a snag attempting to calculate the market seller offer cap (MSOC) for Capacity Performance units for the 2021/22 delivery year.