PJM will reduce the volume of imports that clear in next year’s Base Residual Auction – potentially increasing capacity prices – under methodology approved by the Planning Committee yesterday.

PJM is considering five capacity import zones with a combined limit (e.g. import cap) of 8,400 to 11,000 MW, officials told the Planning Committee Friday.

PJM may seek to lower the price cap on emergency demand response as a result of their review of the July 14-19 heat wave.