FERC has approved PJM’s proposal for selling back excess capacity in this February’s third Incremental Auction for the 2017/18 delivery year.
After its first full year under new CEO Andy Ott, and the last year of its transition to 100% Capacity Performance, PJM heads into 2017.
The PJM Market Monitor reported that capacity and regulation market results were “generally competitive” in the first 9 months of 2016, but remain vulnerable to stress.
After months of debate, PJM’s Manual 15 revisions on fuel-cost policies and hourly offers won the approval of the Market Implementation Committee.
PJM Market Monitor Joe Bowring and others debated the role and value of the RTO's financial transmission rights market at OPSI's annual meeting last week.
After months of debate on proposed definitions for operating parameters, PJM and the Independent Market Monitor rankled some Market Implementation Committee members last week by introducing an unexpected, last-minute compromise package.
PJM will try again next month to gain stakeholder approval for codifying several generator operating parameters after a Market Implementation Committee discussion led to last-minute changes.