Capacity Performance resources cleared at $151.50/MW-day in the transition auction for the 2017/18 delivery year, PJM said Wednesday.

PJM's 2016/17 transition auction results were released shortly after the stock market closed at 4 p.m. Monday — coincidentally during an EUCI conference in Cambridge, Mass., that attracted PJM Market Monitor Joe Bowring, PJM Chief Economist Paul Sotkiewicz and Jim Wilson, a consultant to consumer advocates in PJM.

Capacity Performance resources cleared at $134/MW-day in the transition auction for the 2016/17 delivery year, PJM announced Monday.

FERC rejected complaints from NextEra Energy and Direct Energy seeking to change the way PJM conducts its incremental capacity auctions to transition to its new Capacity Performance product.

PJM generators — such as Exelon, Dynegy, NRG and PSEG — will earn $10.9 billion from this year’s capacity auction in the first test of the RTO’s new Capacity Performance requirements.

PJM's first capacity auction under its new no-excuses policy saw prices rise 37% to $164.77/MW-day in most of the RTO.

PJM's Base Residual Auction for 2018/19 will be the first under the new Capacity Performance rules approved by FERC in June.

PJM and nine interstate pipelines have signed an information-sharing agreement to improve the reliability and flexibility of natural gas supplies for the RTO’s generators.

FERC said it needed more time to consider rehearing requests of its June 9 order largely approving PJM’s Capacity Performance plan.

AEP celebrated increased second-quarter profits last week, but the company said it still needs the PUCO to approve the so-called “guaranteed rate” plan to support its generating plants.