FERC claimed “exclusive authority” over the participation of energy efficiency in wholesale markets but preserved a carveout for Kentucky utilities.

While stakeholders are divided on changes to PJM’s Incremental Auctions, hope remains for a compromise that can be implemented in time for next year’s BRA.

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

A consensus that appeared to be coalescing for how to revise PJM’s Incremental Auction process and address replacement capacity issues has dissipated.

Proposals for reforming PJM's capacity markets were presented and explained at a two-day meeting of the Capacity Construct/Public Policy Senior Task Force.

The PJM Capacity Construct Public Policy Senior Task Force has been working hard to develop rule changes in time for next year’s capacity auction.

PJM announced at last week’s Markets and Reliability Committee meeting that a scheduled vote on new pseudo-tie provisions would be postponed.

Analysts think the results of the PJM capacity auction yesterday will end efforts to build new generation capacity in the RTO’s territory.

PJM’s first capacity auction requiring year-round availability per its Capacity Performance requirements saw prices drop by one-quarter in most of the RTO.

The PJM Markets and Reliability Committee and Members Committee discussed the RTO's recent pseudo-tie filing, capacity replacement and fuel-cost policies.