Items Tagged with 'fixed resource requirement (FRR)'

FERC denied LS Power's complaint against PJM regarding Dominion Energy's decision to opt out of the capacity auction.

The New Jersey BPU voted unanimously to accept the final version of a staff report recommending the state continue in PJM’s capacity market — for now.

The early impacts of PJM's first capacity auction in three years began to emerge Thursday as Exelon reiterated plans to retire two of its nuclear plants.

PJM ratepayers will likely see capacity prices drop as a result of Dominion Energy’s decision to exit the market, according to a report released by the RTO’s Independent Market Monitor on the eve of the long-awaited Base Residual Auction. Monitoring Analytics’ report, released Tuesday, a day before the beginning of...

PJM on Wednesday defended its handling of Dominion Energy Virginia’s decision to opt out of the May 19 capacity auction, rejecting a complaint by LS Power (EL21-72). But the RTO’s Independent Market Monitor and two groups of independent power producers joined LS Power in calling for FERC to block Dominion’s...

LS Power asked FERC on Friday to block Dominion Energy from opting out of PJM’s May 19 capacity auction, saying the RTO violated its rules by accepting the utility’s fixed resource requirement (FRR) election (EL21-72). PJM’s Reliability Assurance Agreement (RAA) requires that load-serving entities choosing the FRR must exit the...

Dominion Energy Virginia has abandoned PJM’s capacity market over concerns the minimum offer price rule (MOPR) will undermine its ability to meet Virginia’s ambitious renewable energy targets. The utility confirmed Wednesday it has chosen the fixed resource requirement (FRR) for capacity year 2022/23 for more than 60 generating units totaling...

PJM will hold the 2022/23 Base Residual Auction in May after being delayed since 2019 over FERC’s expansion of the minimum offer price rule (MOPR). The auction will take place from May 19-25 PJM said, and it will post the BRA results on June 2. Pete Langbein of PJM presented...