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July 4, 2024

Capacity Performance (CP)

PJM Stakeholders See Capacity Auction Flaws, Offer Solutions
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.
Doubts About Balancing Markets, State Policies in Diverse PJM
In response to a request for comments on paths to reconciling policies and wholesale markets, PJM officials told FERC they are pursuing three initiatives.
DC Circuit Rejects Challenge to PJM CP Rules
The DC Circuit Court of Appeals denied eight challenges to PJM’s Capacity Performance rules, potentially cementing changes to the RTO's capacity market.
PJM Markets and Reliability Committee Briefs
PJM announced at last week’s Markets and Reliability Committee meeting that a scheduled vote on new pseudo-tie provisions would be postponed.
Analysts See End to New Builds in PJM Capacity Results
Analysts think the results of the PJM capacity auction yesterday will end efforts to build new generation capacity in the RTO’s territory.
Updated: Capacity Prices down in Most of PJM in 1st Year of 100% CP
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.
PJM Capacity Task Force Debates the Value of Price Transparency
The PJM Capacity Construct/Public Policy Senior Task Force presented an alternative perspective on the objectives of a resource adequacy construct.
PJM Outlines Aggregation Rules for Upcoming Capacity Auction
PJM staff detailed how the new rules for aggregating seasonal resources will be implemented in May’s Base Residual Auction.
PJM Capacity Task Force Considering 60+ ‘Design Concepts’
The PJM Capacity Construct/Public Policy Senior Task Force held its second meeting discuss design-concept ideas for revising the RTO’s capacity market.
FERC Defends PJM Capacity Performance Before DC Circuit
A group of advocates told the D.C. Circuit Court of Appeals that it should overturn PJM’s Capacity Performance construct.

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