Base Residual Auction (BRA)
Generators that plan to come online by the start of the 2025/26 delivery year will have until Dec. 12 to notify PJM of their intent to participate in the Base Residual Auction for that year.
PJM members recommended various avenues for the RTO's Board of Managers to consider as it weighs a possible FERC filing incorporating components of proposals made during the critical issues fast path process.
PJM showed updated risk analysis figures and stakeholders made new proposals during the July 17 Critical Issue Fast Path process meeting.
FERC approved PJM’s request to delay its 2025/26 capacity auction from Wednesday until next year as the RTO seeks to revamp its market rules.
PJM wrapped up the second phase of its critical issue fast path process to address RA concerns with two meetings on proposed changes to the capacity market.
PJM is weeks away from the scheduled date for the 2025/26 Base Residual Auction without an order from FERC on whether it will be permitted to delay the auction.
The PJM Members Committee approved a proposal that would sharply reduce the penalties generators pay for underperforming during emergency conditions.
PJM's CEO said challenges lie ahead for stakeholders as they wrestle with a possible overhaul to the capacity market to address resource adequacy concerns.
Stakeholders continued to refine proposals to overhaul PJM’s capacity market through the second phase of the RTO’s critical issues fast path process.
PJM Power Providers asked the 3rd U.S. Circuit Court of Appeals to overrule a FERC order allowing PJM to recalculate reliability requirement parameter for BRAs.
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