fixed resource requirement (FRR)
Stakeholders asked FERC to reconsider requiring PJM to overhaul its capacity market, saying the directive is unnecessary and oversteps federal jurisdiction.
FERC voted 2-1 to extend PJM’s MOPR to all new state-subsidized resources, saying it was needed to combat price suppression in the RTO’s capacity market.
Exelon is cooperating with an investigation into its lobbying of the Illinois legislature and will ensure high ethical standards in the future.
Transmission owners asked PJM to convene a meeting with stakeholders and produce a schedule that allows for time between FERC’s decision and the next BRAs.
Exelon officials told investors that Illinois’ transition toward 100% carbon-free power can’t succeed without PJM market reforms.
PJM stakeholders dug in further on the RTO’s proposed revamp to its capacity market, reiterating comments made in FERC’s paper hearing on the proposal.
PJM’s market design and Exelon’s control of local generation allow the company to name its price for capacity commitments in the Chicago area.
The first round of filings in PJM’s “paper hearing” on revisions to the capacity market showed wide disagreement over broadening the MOPR.
The Illinois Commerce Commission suggested PJM consider ending its capacity market if it continues supporting policies that discount its preferences.
A coalition has developed principles they say will "protect the achievement of state policy goals" under FERC's ordered redesign of the PJM capacity market.
Want more? Advanced Search