Key challenges in the review are tightening supply and demand, the uncertain cost of new capacity and accounting for changes PJM has made to how it identifies reliability risks and determines the capacity value for different resource types.

PJM’s Markets and Reliability Committee endorsed two proposals to revise the RTO’s ELCC formula to add two new generation categories and limit the penalties resources face if their accreditation declines between auctions.

The Independent Market Monitor has argued energy efficiency can’t participate as a capacity resource because the load reductions already are accounted for in PJM’s load forecast.

Comments are due Nov. 3 on PJM’s proposal, which it said would improve reliability and incentivize resource development while controlling costs.

 

PJM's Board of Managers has adopted a variant of the RTO annual capacity market CIFP proposal, which includes changes to risk modeling, accreditation and capacity performance.

PJM continued its presentation of its proposal to overhaul the capacity market during a June 21 Critical Issue Fast Path process meeting.

MISO will likely delay its capacity auction by at least a month after FERC issued a show-cause order regarding a capacity ratio the RTO is required to publish.

A panel of energy experts took ISO-NE’s capacity market to task, lambasting the region’s Forward Capacity Market and offering ideas about how to improve it.

FERC’s delayed response to ISO-NE means that distributed energy resources won’t have a new way to participate in the grid operator’s next capacity auction.

Two former FERC chairmen are pessimistic that MISO will be able to reign in shortages or high capacity prices anytime soon.