Several state consumer advocates filed a complaint at FERC alleging PJM’s capacity market is failing to mitigate market power, overestimating future load and producing high clearing prices that generation owners cannot act on. 

The PJM Market Implementation Committee endorsed Manual 18 revisions that implement the new must-offer exception process approved by FERC last month.

PJM’s concerns over FTR underfunding on projects with incremental auction revenue rights won’t be addressed through any Operating Agreement revisions.

PJM generators seeking must-offer exceptions will lose their capacity interconnection rights unless they meet CP requirements changes approved by FERC.

The MRC approved a proposal to strip capacity interconnection rights from generators that do not meet Capacity Performance requirements.

The PJM MIC set up a showdown over whether the RTO can force capacity resources into energy-only status for failing to meet requirements.

PJM’s Market Implementation Committee, which approved changes to its must-offer exception rules in November, will consider 2 alternative proposals March 6.

The PJM Market Implementation Committee discussed the must-offer exception process and FERC’s energy storage order at last week's meeting.

PJM told the Market Implementation Committee that the Board of Managers’ investigation of the GreenHat Energy FTR default will run through the new year.

A proposal to revise PJM’s credit requirements for financial transmission rights in response to the historic GreenHat Energy default will be delayed.