PJM's upcoming 2023/24 BRA is set to be delayed again after FERC partially reversed its 2020 decision on the RTO’s energy price formation revisions.

FERC approved PJM's request to delay the Base Residual Auction for the 2023/24 delivery year from Dec. 1 to Jan. 25, 2022.

PJM requested a rehearing and clarification of FERC’s order to replace its market seller offer cap, arguing that the new construct would prove burdensome.

PJM asked FERC to delay the Dec. 1 capacity auction by almost two months, citing the commission’s recent revision to auction rules.

Stakeholders unanimously voted to amend PJM's issue charge addressing the calculation of regulation mileage ratio, asking the RTO for more time to discuss.

FERC denied LS Power's complaint against PJM regarding Dominion Energy's decision to opt out of the capacity auction.

PJM stakeholders voted overwhelmingly in support of the RTO’s proposal to eliminate a capacity market rule that undermined state decarbonization efforts.

After several months of debate, PJM stakeholders endorsed an issue charge aimed at addressing compensation for reactive supply and voltage control service.

The early impacts of PJM’s first capacity auction in three years began to emerge Thursday as Exelon reiterated plans to retire two of its nuclear plants.

Capacity prices in most of PJM dropped by nearly two-thirds for 2022/23, with EMAAC and SWMAAC recording their lowest prices ever.