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March 11, 2026

Capacity Market

Convergent Energy and Power
NYISO Tariff Revisions Include Uncertainty Reserve
NYISO staff presented tariff revisions that may be deployed as early as Q1 of 2026 to account for the uncertainty of wind and solar energy forecasts.
PJM
PJM MRC/MC Preview: Aug. 21, 2024
PJM proposes tightening "know your customer" rules, which require members to provide information to facilitate the due diligence PJM conducts on key decision-making leadership.
PJM
PJM MIC Briefs: Aug. 7, 2024
PJM has decided not to refile several components of its proposed capacity market redesign that was rejected by FERC in February.
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Stakeholders Endorse PJM EE Measurement and Verification Proposal
The Market Implementation Committee endorsed a PJM proposal to revise how the capacity offered by energy efficiency resources is measured and verified, rejecting competing proposals from EE providers and the Monitor.
Z22, CC-BY-SA 4.0, via Wikimedia Commons
NYISO Presents Draft Recommendations for Demand Curve Reset
NYISO presented its draft recommendations for the demand curve reset, including the choice of a two-hour battery electric storage system resource as the proxy unit in calculations.
EMC Enineering Services
ISO-NE Outlines ‘Straw Scope’ of Capacity Market Reforms
ISO-NE responded to stakeholder feedback on its capacity auction reform project at the NEPOOL Markets Committee meeting, providing clarity on the scope of its capacity market overhaul. 
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PJM Market Participants React to Spike in Capacity Prices
Generation owners say the increase in PJM capacity prices is the signal they need to invest in new development, while consumer advocates say the backlogged interconnection queue could limit the ability for market participants to react.
Casey Monaghan, CC-BY-SA-2.0, via Wikimedia Commons
PPL Backs Utility-owned Generation in Pa. After PJM Capacity Price Spike
PPL reported GAAP earnings of $190 million for the second quarter and executives focused on changing market dynamics in PJM during a teleconference with analysts. 
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Environmental Groups Seek Rehearing of MISO Sloped Demand Curve
The Sierra Club, Natural Resources Defense Council and the Sustainable FERC Project are seeking a rehearing of MISO’s sloped demand curve in its capacity auction.
PJM
PJM Capacity Prices Spike 10-fold in 2025/26 Auction

PJM capacity prices increased nearly tenfold in the 2025/26 Base Residual Auction as a trifecta of load growth, generation deactivations and changes to risk modeling shrank reserve margins.


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