The PJM Market Implementation Committee endorsed a proposal to revise the base formula rate for compensating black start resources.

PJM’s Market Implementation Committee narrowly endorsed a PJM proposal to use ELCC to model the availability of demand response resources in all hours, along with other changes to how DR accreditation is determined.

PJM presented stakeholders with proposed manual revisions to implement a requirement that dual-fuel generators must offer schedules with both of their fuels into the energy market during the winter, as well as changes to the operational and seasonal testing for capacity resources.

PJM presented an issue charge focused on the potential for compensation for generators providing black start service to fall to zero a decline in net cost of new entry values in the 2025/26 Base Residual Auction.

PJM has proposed changes to the demand response availability window, which determines when the curtailment capability is evaluated as accredited capacity and expected to be online for dispatch.

PJM presented how the planning parameters for the 2026/27 Base Residual Auction affected the variable resource rate curve, which intersects with supply and demand to determine auction clearing prices.

The PJM Markets and Reliability Committee voted to eliminate energy efficiency from the capacity construct, adopting a proposal from the Monitor.

PJM has decided not to refile several components of its proposed capacity market redesign that was rejected by FERC in February.

PJM’s Market Implementation Committee endorsed by acclamation a proposal to revise two financial inputs to the quadrennial review to reflect changing market conditions, particularly increased interest rates.