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June 25, 2024

ER23-729

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.
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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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