The 2017/2018 capacity auction cleared at $120/MW-day in most of PJM as restrictions on demand response and imports doubled prices in Virginia, West Virginia, North Carolina and much of Ohio. Prices were essentially flat in the East.

Consumer advocates asked the PJM Board of Managers to assess the impact of recent capacity market changes before making any new ones and criticized what they called the RTO’s new “inflexibility.”

Acting on the eve of PJM’s base capacity auction, the FERC Friday approved most of PJM’s new dispatch rules for demand response but rejected a plan to curb speculation in the auction, saying it created undue barriers to entry.

Stakeholders approved two initiatives to improve demand response measurement and verification.

PJM yesterday opened the 2017/2018 Capacity Auction amid modest hopes among generators that the RTO’s rule changes will cause a rebound in prices.

Adopting the Market Monitor’s proposed changes to capacity market rules could almost triple auction revenues, the Monitor said last week.

News briefs on companies in PJM Interconnection: this week including Calpine Corp., Public Service Enterprise Group, Exelon Corp., Duke Energy Corp., PPL Corp. and Dominion Virginia Power.

Stakeholders endorsed manual changes to implement dispatch rules for demand response and lessons learned from the extreme weather of the last year.

Stakeholders will attempt to develop more accurate measurement and verification of residential DR under a problem statement approved by the MIC.

A look at how MISO and the Northeast RTOs are planning to cope with winter 2014-15.