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July 19, 2024

Performance Assessment Intervals (PAIs)

PJM
PJM MRC/MC Preview: Nov. 15, 2023

A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings.

© RTO Insider LLC
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.
© RTO Insider LLC
PJM MIC Briefs: Nov. 1, 2023
Generators that plan to come online by the start of the 2025/26 delivery year will have until Dec. 12 to notify PJM of their intent to participate in the Base Residual Auction for that year.
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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.
PJM
PJM Refines Risk Modeling, Stakeholders Begin Final CIFP Presentations
PJM presented new risk modeling figures and updates to its critical issue fast path proposal and stakeholders discussed their own proposals during the Aug. 1 CIFP process meeting.
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FERC Approves PJM Change to Emergency Triggers
FERC approved PJM's proposal to tighten the triggers initiating a performance assessment interval.
PJM
PJM Recounts Emergency Conditions, Actions in Elliott Report
PJM released a report on the December 2022 winter storm detailing its emergency actions and recommended changes to its markets and operations to limit the impact of future severe weather.
© RTO Insider LLC
PJM MRC/MC Briefs: June 22, 2023
PJM stakeholders endorsed a proposal to create a cost recovery mechanism for generators which are required to make facility upgrades.
© RTO Insider LLC
PJM Board Rejects Lowering Capacity Performance Penalties
PJM's Board of Managers rejected a proposal to lower nonperformance penalties, while AMP was displeased the board responded to reliability claims.

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