Reliability Pricing Model (RPM)
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A PJM discussion on expanding the demand response winter availability window to include a wider range of hours branched off into a broader conversation on how the resource class participates in the RTO's capacity market.
PJM
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.
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The Independent Market Monitor has argued energy efficiency can’t participate as a capacity resource because the load reductions already are accounted for in PJM’s load forecast.
PJM
Consumers and electric distributors in PJM opposed a proposal to revise two financial parameters used to calculate the cost of new entry input to the 2027/28 Base Residual Auction.
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Generation owners say the increase in PJM capacity prices is the signal they need to invest in new development, while consumer advocates say the backlogged interconnection queue could limit the ability for market participants to react.
PJM
PJM capacity prices increased nearly tenfold in the 2025/26 Base Residual Auction as a trifecta of load growth, generation deactivations and changes to risk modeling shrank reserve margins.
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PJM stakeholders presented several proposals to revise how energy efficiency resources are measured and verified to the Market Implementation Committee.
Dominion Energy
FERC granted a complaint from Dominion Energy to allow planned capacity resources to shift their participation from the Fixed Resource Requirement alternative to the Reliability Pricing Model capacity market.
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Three state consumer advocates filed a complaint against PJM with FERC, alleging the RTO’s treatment of energy efficiency resources is unduly discriminatory and is not properly documented in its governing documents.
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PJM's Independent Market Monitor filed a complaint asking FERC to reject all energy efficiency offers into the RTO's capacity market, alleging none of them meet the Base Residual Auction participation requirements.
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