Base Residual Auction (BRA)
PJM stakeholders are to vote on a record-breaking number of proposals on how the RTO should integrate large loads without impacting resource adequacy.
If just 10% of the land-based renewables in PJM’s generator interconnection queue had been developed, the total cost of the RTO’s 2026/27 capacity auction would have been reduced by $3.5 billion, according to an analysis GridLab commissioned by Aurora Energy Research.
The PJM Board of Managers has directed staff to proceed with a Quadrennial Review design that reworks the capacity auction price curve and sets the reference resource as a combustion turbine for all zones.
The challenges of meeting soaring forecasts of data center load growth dominated the Organization of PJM States Inc. (OPSI) Annual Meeting.
PJM has withdrawn its non-capacity backed load proposal, shifting the focus of its solution for rising large load additions to creating a parallel resource interconnection queue and reworking price-responsive demand.
PJM revised elements of its proposal to create a non-capacity backed load product for large loads as the Critical Issue Fast Path embarks on determining how to address the reliability challenges posed by accelerating data center load growth.
EPA Administrator Lee Zeldin proudly told NARUC attendees the agency’s proposed rescission of the 2009 endangerment finding would be the “largest deregulatory action in the history of the country.”
PJM's Markets and Reliability Committee endorsed by acclamation an issue charge by Constellation Energy focused on how storage as a transmission asset could be implemented in the RTO.
The PJM MRC endorsed an issue charge to hire a consultant to investigate the pros and cons of a sub-annual capacity market and what designs stakeholders feel would be feasible.
Stakeholders rejected the installed reserve margin and forecast pool requirement values recommended by PJM staff, with some opposed arguing that the inputs remain nebulous.
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