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July 23, 2024

arbitrage

PJM
FERC Closes Book on PJM’s ‘Paper Capacity’ Concerns
FERC has signaled that it’s done dealing with PJM’s concerns about market participants selling “paper capacity” to arbitrage price differences between the Base Residual and Incremental auctions.
Major Rule Changes Reduced Imports, DR
PJM rule changes since last year’s auction resulted in reductions in cleared generation imports and demand response. The mix of DR that cleared also changed, with more annual resources and less summer-only.
Capacity Prices Jump Following Rule Changes
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.
Capacity Prices Double in Western PJM, Flat in East
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.
Stakeholders Back PJM on Arbitrage Fix
Stakeholders backed PJM’s proposal to eliminate speculation in capacity auctions, selecting it over four alternatives in a vote announced yesterday.
Cal Fire/Butte County District Attorney
Incremental Capacity Auction Proposals Compared
A summary of proposed changes to the PJM incremental auctions.
Capacity Panel to Vote on Arbitrage Fix
PJM Stakeholders will hold a formal vote on measures to eliminate speculation in the capacity market this week after narrowing the proposals from seven to six/five in a lengthy meeting Friday.
Consensus Still Elusive on Auction Arbitrage Fix
Time is growing short for PJM stakeholders working towards consensus to address auction arbitrage and ban capacity market speculation before May’s auction.
Arbitrage Fix Returned to Committee
Lacking consensus, PJM dropped plans for a vote on measures to prevent speculation in the capacity auctions, returning the issue to a lower committee.
MRC MC Preview
Our summary of the issues scheduled for votes at the PJM MRC and MC on 11/21/13. 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.

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