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December 4, 2024

Reliability Pricing Model (RPM)

PJM
Consumer Advocates File Wide-ranging Complaint on PJM Capacity Market
Several state consumer advocates filed a complaint at FERC alleging PJM’s capacity market is failing to mitigate market power, overestimating future load and producing high clearing prices that generation owners cannot act on. 
Talen Energy
FERC Approves PJM Capacity Auction Delay

FERC approved a PJM waiver request to offset the RTO’s capacity auction schedule by six months starting with the 2026/27 Base Residual Auction.

© RTO Insider LLC 
Panels Debate PJM Capacity Market Design at OPSI Annual Meeting
Panels during the OPSI Annual Meeting discussed the 2025/26 capacity auction yielding an eightfold jump in prices, as well as possible changes to the subsequent auction.
PJM
PJM Market Monitor Releases Second Section of 2025/26 Capacity Auction Report
The second leg of the Independent Market Monitor's analysis on PJM's 2025/26 Base Residual Auction looked at the impact of not counting reliability-must-run resources as capacity, paired with several other factors.
© RTO Insider LLC 
PJM MIC Briefs: Oct. 9, 2024
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.
© RTO Insider LLC
PJM Stakeholders Discuss DR Winter Availability

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 MIC Briefs: Sept. 11, 2024
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.
© RTO Insider LLC
PJM Asks FERC to Eliminate Energy Efficiency from Capacity Market
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
PJM MRC/MC Briefs: Aug. 21, 2024
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.
© RTO Insider LLC
PJM Market Participants React to Spike in Capacity Prices
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.

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