PJM members at last week’s MRC meeting endorsed revisions to an initiative examining the calculation of the balancing ratio used in setting capacity offer caps.

Members approved a Tariff revision setting 78.5% as the balancing ratio to be used in calculating the default market seller offer cap for the 2021/22 BRA.

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