PJM Market Implementation Committee
PJM’s MIC heard updates on capacity market proposals pending before FERC and began a review of how energy efficiency resources participate in the market.
PJM's Market Implementation Committee endorsed one of several packages to create new rules for generators with co-located load and rejected four proposals revising how generators providing reactive power service are compensated.
PJM stakeholders appeared split over proposals to delay the RTO’s capacity auctions to include market rule changes being considered by the Board of Managers.
PJM updated stakeholders on its progress in collecting up to $2 billion in non-performance penalties stemming from Winter Storm Elliott.
A poll by the Market Implementation Committee found little support for two competing proposals on capacity offer opportunities for co-located load.
The MIC overwhelmingly adopted an issue charge to explore whether PJM should account for local issues that may impact the net cost of new entry in a region.
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