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June 16, 2024

Capacity Performance (CP)

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FERC Approves 1st PJM Proposal out of CIFP
FERC approved PJM's proposal to rework several areas of its capacity market centered around aligning how resources’ capacity contributions match up to system risk analysis.
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PJM Monitor Petitions FERC to Change Capacity Performance Penalty Calculation
PJM's Independent Market Monitor filed a FERC complaint alleging the RTO's Capacity Performance penalty structure undermines reliability and offered an alternative calculation based on capacity revenues.
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Settlement over PJM Elliott Penalties Receives Broad Support
Several generation companies have submitted comments supporting and opposing a proposed settlement to reduce the $1.8 billion PJM assessed against market sellers for underperforming during Winter Storm Elliott by 23%.
PJM
PJM OKs 32% Cut in Elliott Penalties in Proposed Settlement
PJM agreed to reduce its nonperformance penalties 31.7% for generators that could not meet their capacity obligations during the December 2022 winter storm.
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PJM Members Lobby Board Ahead of Expected CIFP Filing
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 issue fast path process.
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Settlement Possible Between PJM And Several Generation Owners over Winter Storm Complaints
Several generation companies and PJM have indicated that they will finalize a settlement over the performance penalties the RTO assessed following Winter Storm Elliott.
PJM
PJM Updates Risk Analysis; Stakeholders Present Revised CIFP Proposals
PJM showed updated risk analysis figures and stakeholders made new proposals during the July 17 Critical Issue Fast Path process meeting.
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PJM Continues CIFP Discussion of Seasonal Capacity Market Proposal
PJM continued its presentation of its proposal to overhaul the capacity market during a June 21 Critical Issue Fast Path process meeting.
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PJM MRC/MC Briefs: May 31, 2023
The PJM Markets and Reliability Committee voted to reject manual changes on the synchronized reserve requirement.
PJM
FERC Sends Elliott Complaints Against PJM to Settlement Judge
FERC OK'd settlement judge procedures to resolve complaints that generators filed against PJM’s assessment of penalties for underperformance in December 2022.

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