Members overwhelmingly approved revised methodology that will limit external generation resources in next year's base capacity auction to 6,200 MW ­- a 17% drop from the volume of that cleared in May's auction.

Members approved PJM’s methodology for limiting capacity imports but soundly rejected the RTO’s proposal to change the way DR clears in the capacity market.

Stakeholders began work last week on an initiative to create more accurate capacity market price curves and a recommendation by the Market Monitor to eliminate adders for FMUs.

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.

After two marathon committee meetings failed to narrow choices, members will vote beginning today on more than a dozen proposals to make demand response more flexible and eliminate arbitrage opportunities in capacity auctions.

Facing continued skepticism from Wall Street, Exelon Corp. says it will begin shutting down unprofitable power plants if energy prices don't rebound within a year.

The PJM Markets and Reliability and Members committees approved the following measures with little discussion at their October 24th meeting.

The PJM MRC heard first readings on the manual changes listed below. The committee will be asked to endorse the changes — excluding those for Manual 28, which is already in effect — in November.

PJM’s capacity import limit seems to be changing almost daily, based on reports provided to stakeholders.

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.