Reliability Pricing Model (RPM)
PJM members recommended various avenues for the RTO's Board of Managers to consider as it weighs a possible FERC filing incorporating components of proposals made during the critical issues fast path process.
PJM asked FERC to delay its capacity auctions to give the RTO time to incorporate rule changes to address reliability concerns.
PJM’s Board of Managers is opening an accelerated stakeholder process to address rising reliability concerns about the RTO’s capacity 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.
Michael Surran, CC BY-SA 2.0, via Wikimedia Commons
PJM members’ vote to limit resources’ capacity interconnection rights is not likely to end the dispute over how the RTO accredits intermittent resources.
PJM defended the proposed capacity auction parameters in its quadrennial review before FERC against two protests from the generation sector.
The 2023/24 Base Residual Auction held by PJM in June yielded competitive results, the RTO’s IMM announced in a report released last month.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Oct. 20, 2021.
PJM asked FERC to delay the Dec. 1 capacity auction by almost two months, citing the commission’s recent revision to auction rules.
The PJM MIC OKd changes on fast-start pricing, 5-minute dispatch, solar-battery hybrids and an issue charge over energy efficiency in the capacity market.
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