June 25, 2024


PJM Interconnection
Stakeholders Spar over PJM Request to Recalculate Capacity Auction Results
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.
© RTO Insider LLC
PJM Awaiting FERC Response to Court Rejection of 2024/25 Capacity Auction Parameters
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.
© RTO Insider LLC
3rd Circuit Rejects PJM’s Post-auction Change as Retroactive Ratemaking
The 3rd Circuit vacated FERC’s order allowing PJM to revise a capacity market parameter for the DPL South zone after the 2024/25 auction had been conducted but prior to the publication of its results, ruling that it constituted retroactive ratemaking.
© RTO Insider LLC
P3 Challenges FERC Ruling on PJM Changes to 2024/25 BRA at 3rd Circuit
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.
© RTO Insider LLC
FERC OKs PJM Proposal to Revise Capacity Auction Rules
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 Decides Against Posting Indicative Capacity Auction Results
PJM backtracked on posting “indicative” results of the 2024/25 capacity auction in the face of stakeholder opposition.
© RTO Insider LLC
Major Changes in 2022 Continue to Shape PJM Outlook in 2023
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.

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