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Generation owners in PJM say declining capacity prices and market participation in the Base Residual Auction demonstrate underlying issues with the market.
PJM capacity prices dropped in much of the RTO for delivery year 2024/25, but ratepayers in five regions will face increases due to locational constraints.
The PJM Markets and Reliability Committee endorsed an RTO proposal to increase the maximum number of bids a single corporate entity can enter into FTR auctions.
FERC approved PJM’s request to revise its capacity rules to avoid a fourfold price increase in DPL South, rejecting complaints of retroactive ratemaking.
MISO can continue as planned with its seasonal capacity auction and availability-based resource accreditation, FERC ruled, rejecting rehearing requests.