PJM Power Providers Group (P3)
The 3rd U.S. Circuit Court of Appeals upheld FERC's 2021 approval of PJM's tightened minimum offer price rule, which removed a requirement that resources receiving state subsidies be mitigated to their cost-based offer.
FERC said petitioners' call to overturn its approval of EOP-012-1 was outside the scope of the proceeding.
Panelists held several discussions on interregional transmission planning, resource adequacy and the risks posed by extreme weather during the Mid-Atlantic Conference of Regulatory Utilities Commissioners (MACRUC) annual educational conference held from June 26 through 28.
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.
PJM Power Providers asked the 3rd U.S. Circuit Court of Appeals to overrule a FERC order allowing PJM to recalculate reliability requirement parameter for BRAs.
Matthew T. Rader, CC BY-SA 4.0, via Wikimedia Commons
FERC said last week that “by operation of law” it would not reconsider its approval of one of NERC’s new cold weather reliability standards.
Generation owners in PJM say declining capacity prices and market participation in the Base Residual Auction demonstrate underlying issues with the market.
FERC accepted revisions to PJM’s tariff that the RTO proposed via its Quadrennial Review of the parameters underlying its Reliability Pricing Model auctions.
PJM defended the proposed capacity auction parameters in its quadrennial review before FERC against two protests from the generation sector.
Gas- and coal-fired generators said the sharp price drop in PJM’s 2023/24 capacity auction shows the RTO’s long-term reliability is at risk.
Want more? Advanced Search