FERC ordered PJM  to change its method of calculating capacity market offer caps, saying it was inconsistent with its practice in the energy market.

FERC granted PJM’s request to increase the cost-based energy offer cap to $1,800/MWh through March.

PJM’s request to raise the cost-based energy offer cap to $1,800/MWh through March drew a flurry of comments and protests in the days before Christmas.

PJM will seek FERC approval for a controversial proposal to raise the cost-based energy offer cap to $1,800/MWh through March 2015.

PJM stakeholders representing supply and load accused each other of refusing to compromise on changes to the $1,000 offer cap Thursday in one of the most acrimonious debates in the last year.

FERC said PJM should not have included a 10% adder in its calculation of make-whole payments to generators whose costs exceeded the offer cap last winter.

PJM stakeholders deadlocked Thursday over changes to the $1,000 energy offer cap, leaving the RTO’s board considering yet another unilateral filing with FERC.

Our summary of the issues scheduled for votes at the PJM MRC and MC on 09/18/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.

A PJM task force has recommended lifting the $1,000 cost-based energy offer cap, but the margin suggests the proposal may have a tough time winning approval.

PJM members approved yet another initiative to address reliability concerns over gas-fired generators, agreeing to consider changes to the way such units submit energy and capacity market offers.