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March 26, 2026

Capacity Market

PJM Proposes Change to CONE Schedule
PJM officials told members last week they want to accelerate the schedule of the quadrennial review of the Cost of New Entry (CONE) by two months.
Second Time Not the Charm
PJM’s attempt to address speculation in the capacity market collapsed Thursday as members failed for the second time in three months to reach consensus on rule changes.
MOPR Prevails Against New Jersey, Maryland
FERC was within its rights to approve PJM’s controversial capacity market MOPR rule changes in 2011, a federal appeals court ruled.
Contrarian View: CERA Sees Higher Load Growth
An analyst for consulting firm IHS CERA challenged "conventional wisdom" with a bullish forecast for load growth.
PJM Consolidating Rules for Dynamic Transfers
PJM is consolidating its rules for establishing dynamic transfers, which allow resources in one balancing authority to be operated as if they were in another BA region.
Exelon May Close Nukes
Several PJM utilities released their fourth quarter earnings last week, but none made news like Exelon, which warned that it may shut down some of its nuclear generating stations if they can't compete against subsidized renewable generators and stubbornly low natural gas prices.
Members OK Review of Qualifying Transmission Upgrades Credit Rules
PJM stakeholders agreed to consider lowering credit requirements for Qualifying Transmission Upgrades.
Price Cap Ruling Could Reverberate for Years
PJM's request to lift the $1,000/MWh price cap sparked a flood of comments to FERC, many of them in opposition.
FERC OKs Limits on DR in Capacity Auction – UPDATE
FERC approved PJM’s proposal to cap the amount of Limited and Extended Summer demand response that clears in the annual base capacity auction, an action expected to increase capacity prices.
Manual Changes OKd
The PJM MRC endorsed manual changes to implement proposed capacity import limits and clarify rules on substitution of demand response resources.

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