PJM is weeks away from the scheduled date for the 2025/26 Base Residual Auction without an order from FERC on whether it will be permitted to delay the auction.

PJM offered a series of suggestions for how it could overhaul its capacity market in the wake of widespread resource failures during last December's winter storm.

The PJM Members Committee approved a proposal that would sharply reduce the penalties generators pay for underperforming during emergency conditions.

The MRC endorsed a proposal to reduce penalties for generators that don’t meet their capacity obligations during performance assessment intervals.

Stakeholders continued to refine proposals to overhaul PJM’s capacity market through the second phase of the RTO’s critical issue fast path process.

The PJM Markets and Reliability Committee on Wednesday endorsed a new renewable dispatch structure proposed by the RTO and the Independent Market Monitor.

PJM presented a draft proposal to delay the next four Base Residual Auctions to the Members Committee during a special meeting.

PJM proposed a new reliability metric to address resource adequacy concerns as stakeholders moved forward with plans to overhaul the RTO's capacity market.

The PJM Board of Managers on Monday announced it will seek a delay in the 2025/26 Base Residual Auction scheduled for this June, as well as future auctions.

PJM's vice president of market design told the MRC that the RTO is delaying its estimation of when it will be publishing a report on the December winter storm.