PJM Critical Issue Fast Path (CIFP)
The Critical Issue Fast Path process (CIFP) was added to PJM Manual 34 in 2019 to provide the PJM Board and members a way to resolve “contentious issues with known PJM and/or FERC implementation deadlines” that were not resolved in the normal stakeholder process.
PJM
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.
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PJM completed its delivery of a sprawling presentation outlining its envisioned overhaul of the capacity market, followed by stakeholder presentations from Calpine, Daymark Energy Advisors and the East Kentucky Power Cooperative.
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PJM continued its presentation of its proposal to overhaul the capacity market during a June 21 Critical Issue Fast Path process meeting.
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PJM presented its CIFP proposal to overhaul the capacity market, with the new addition of a seasonal capacity model.
FERC
PJM officials and stakeholders told FERC they oppose abandoning the RTO’s capacity market but disagree over the degree to which it needs to be changed.
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PJM wrapped up the second phase of its critical issue fast path process to address RA concerns with two meetings on proposed changes to the capacity market.
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PJM is weeks away from the scheduled date for the 2025/26 Base Residual Auction without an order from FERC on whether it will be permitted to delay the auction.
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PJM offered a series of suggestions for how it could overhaul its capacity market in the wake of widespread resource failures during last December's winter storm.
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The PJM Members Committee approved a proposal that would sharply reduce the penalties generators pay for underperforming during emergency conditions.
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The MRC endorsed a proposal to reduce penalties for generators that don’t meet their capacity obligations during performance assessment intervals.
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