PJM
PJM Board of ManagersPJM Market Implementation Committee (MIC)PJM Markets and Reliability Committee (MRC)PJM Members Committee (MC)PJM Operating Committee (OC)PJM Other Committees & TaskforcesPJM Planning Committee (PC)PJM Transmission Expansion Advisory Committee (TEAC)
PJM Interconnection LLC is a regional transmission organization that coordinates the movement of wholesale electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.
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PJM announced it will seek to establish a $325/MW-day price cap on capacity prices and a $175/MW-day floor for the 2026/27 and 2027/28 Base Residual Auctions following discussions with Pennsylvania Gov. Josh Shapiro to resolve a complaint he filed over increased capacity costs.
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The PJM Markets and Reliability Committee and Members Committee endorsed a proposal to rework the RTO’s rules around generation deactivations.
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PJM is in discussions with Pennsylvania Gov. Josh Shapiro to work toward a resolution on his complaint to FERC asking it to lower the price cap of the RTO’s capacity market.
PJM
PJM set a record winter peak load Jan. 22, surpassing its previous seasonal peak set in February 2015. PJM officials said actions the RTO and its members took ahead of the cold snap got the system through strained conditions.
PJM
Among other actions, the PJM Markets and Reliability Committee and the Members Committee will consider endorsing various manual revisions.
Commonwealth of Pennsylvania
Pennsylvania Gov. Josh Shapiro urged PJM Chair Mark Takahashi to “intervene with” RTO leadership to revise the design of the capacity market before conducting the 2026/27 BRA to avoid an “unacceptable” increase in capacity market prices.
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Virginia legislators introduced a series of bills they hope to pass in a short session this year aimed at addressing demand growth from data centers through cost allocation of utility rates, increased transparency in planning and tying tax incentives to efficiency requirements.
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PJM’s Andrew Gledhill presented a proposal to the Planning Committee to revise the installed reserve margin and forecast pool requirement for the third 2025/26 Incremental Auction.
PJM
PJM presented stakeholders with proposed manual revisions to implement a requirement that dual-fuel generators must offer schedules with both of their fuels into the energy market during the winter, as well as changes to the operational and seasonal testing for capacity resources.
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PJM and its Monitor presented a joint proposal to rework the balancing operating reserve credit structure to address a scenario they say results in generators receiving uplift payments despite not following dispatch orders.
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