The expanded minimum offer price rule (MOPR) will cost PJM ratepayers almost $9.7 billion over the next nine years if FERC adopts revised floor prices allowing most nuclear plants to clear, according to a new analysis by critics of the commission’s directive. Michael Goggin and Rob Gramlich of Grid Strategies...

More than two dozen companies and coalitions filed responses to PJM’s March minimum offer price rule (MOPR) compliance filing last week, taking issue with the RTO on auction timing, floor prices, unit-specific rules and self-supply exemptions (EL16-49). PJM made the 683-page filing in response to FERC’s December order expanding the...

PJM officials have revised some of their proposed rules for applying the minimum offer price rule (MOPR) to state default service procurements in response to stakeholder feedback. At the Market Implementation Committee meeting Wednesday, PJM attorney Chen Lu outlined a revised definition of an "entity providing default retail service." The...

PJM's Independent Market Monitor released a report Wednesday concluding that New Jersey ratepayers would likely see costs increase if the state left the RTO’s capacity market and instituted a fixed resource requirement (FRR). The New Jersey Board of Public Utilities opened a docket March 27 to investigate whether remaining in...

Exelon officials told investors Friday the company’s Illinois nuclear plants are "up against a clock," with the state legislature unable to meet to consider proposals for withdrawing from PJM’s capacity market. Illinois officials have been discussing leaving the market over the minimum offer price rule (MOPR) since 2018. (See Illinois:...

While Exelon and Public Service Enterprise Group last week expressed support for pulling out of PJM’s capacity auction over the expanded minimum offer price rule (MOPR), Dominion Energy says it is undecided. Exelon and PSEG officials discussed their views of the fixed resource requirement (FRR) option during their quarterly earnings...

PJM and its Independent Market Monitor on Wednesday shared with stakeholders their proposals for responding to FERC’s April 16 directive that state default service auctions be considered state subsidies and subject to the minimum offer price rule (MOPR). The straw proposals are attempting to address Paragraph 386 of FERC’s rehearing order, which...

Public Service Enterprise Group CEO Ralph Izzo said Monday it would be "logical" for New Jersey to abandon the PJM capacity market by adopting the fixed resource requirement (FRR) option. The New Jersey Board of Public Utilities opened a proceeding to consider the FRR option in response to FERC’s...

PJM last week shared its initial response to FERC’s April 16 rehearing orders on the minimum offer price rule (MOPR), which required the RTO to make an additional compliance filing by June 1. The commission rejected rehearing of its June 2018 order declaring PJM’s capacity market unjust and unreasonable (EL16-49-001,...

PJM’s Independent Market Monitor on Tuesday defended its conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the RTO’s capacity market and adopt the fixed resource requirement (FRR) option. PJM IMM Joe Bowring | © RTO Insider Regulators in Illinois, New Jersey and Maryland have said...