Stakeholders filed comments debating PJM’s request that FERC direct it to recalculate the results of the 2024/25 Base Residual Auction and rerun the third Incremental Auction.

PJM updated stakeholders on how it will proceed in the wake of a 3rd Circuit ruling vacating a FERC order allowing the RTO to revise a parameter after bids had been received for the 2024/25 Base Residual Auction.

PJM capacity prices dropped in much of the RTO for delivery year 2024/25, but ratepayers in five regions will face increases due to locational constraints.

FERC approved PJM’s request to revise its capacity rules to avoid a fourfold price increase in DPL South, rejecting complaints of retroactive ratemaking.

PJM's first order of business in 2023 will be a review of the “indicative” 2024/25 capacity auction results following concerns of artificially inflated prices.

PJM said it will ask FERC to modify the rules of its 2024/25 capacity auction to avoid artificially high prices in one region of the RTO.