PJM Market Implementation Committee (MIC)
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The PJM Market Implementation Committee endorsed manual revisions that define how distributed energy resources will participate in the 2028/29 capacity auction.
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The PJM Market Implementation Committee endorsed a package of revisions to Manual 18.
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The PJM Market Implementation Committee voted to endorse two packages of revisions to key parameters of the capacity market out of six offered by PJM and stakeholders that resulted from the Quadrennial Review.
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PJM plans to delay votes on several proposals to revise key capacity market parameters by one month to receive updated cost of new entry values for combustion turbines and combined cycle generators.
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The Market Implementation Committee discussed the significance of PJM falling short of its reliability requirement and other details in the results of the 2026/27 Base Residual Auction.
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PJM presented a first read on a proposal to cap resources committed ahead of the day-ahead market at their cost-based offer, and the committee endorsed an expansion of an offer capping issue charge.
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Key challenges in the review are tightening supply and demand, the uncertain cost of new capacity and accounting for changes PJM has made to how it identifies reliability risks and determines the capacity value for different resource types.
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PJM saw its highest peak loads in over a decade during a heat wave that stressed the Mid-Atlantic region from June 22 to 26.
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The PJM Market Implementation Committee discussed a proposal to allow demand response resources to participate in the regulation market when there are energy injections at the same point of interconnection to the distribution grid.
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PJM’s Market Implementation Committee discussed a proposal to revise its governing documents to allow DR resources to participate in the regulation market when there may be energy injected at the customer’s point of interconnection
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