FERC approved PJM’s proposal to cap the amount of Limited and Extended Summer demand response that clears in the annual base capacity auction, an action expected to increase capacity prices.

The PJM MRC endorsed manual changes to implement proposed capacity import limits and clarify rules on substitution of demand response resources.

A proposed manual change on compensation for demand response prompted a protest from curtailment service provider Icetec Energy Services.

Our summary of the issues scheduled for votes at the PJM MRC on 01/30/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.

Plunging temperatures sent natural gas spot prices soaring again this week, prompting PJM today to seek approval from federal regulators to lift the $1,000/MWh price cap on generation.

PJM’s dispatch of demand response helped avoid the need to shed load during the polar vortex Jan. 7, when the RTO set a new winter demand record of about 141,500 MW.

Time is growing short for PJM stakeholders working towards consensus to address auction arbitrage and ban capacity market speculation before May’s auction.

Sub-zero temperatures from Toledo to Tennessee pushed PJM to its limits last week as the RTO overcame the loss of nearly 40,000 MW of generation during an arctic blast that set a new winter demand record.

With two new types of demand response about to be introduced, PJM members last week took steps to clarify rules on substitutions and maintenance outages for the products.

PJM is adding more items to the to-do list resulting from the September heat wave, during which officials ordered limited load sheds to prevent a wider transmission collapse.