June 15, 2024

variable resource requirement (VRR) curve

PJM Updates Proposal as CIFP Nears End
PJM updated its Critical Issue Fast Path proposal, while several additional stakeholder presentations are scheduled for the remaining two meetings before they vote on packages.
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FERC Approves PJM Quadrennial Review
FERC accepted revisions to PJM’s tariff that the RTO proposed via its Quadrennial Review of the parameters underlying its Reliability Pricing Model auctions.
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PJM Defends Quadrennial Review Parameters from Generator Protests
PJM defended the proposed capacity auction parameters in its quadrennial review before FERC against two protests from the generation sector.
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Monitor Finds PJM’s 2023/24 Base Residual Auction Competitive
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.
IMM Report: PJM Capacity Auction Results not Competitive
The results of PJM’s 2022/23 Base Residual Auction were not competitive, according to a report released last week by the RTO’s Independent Market Monitor.
The Brattle Group
FERC Rejects PJM 10% Capacity Market Adder
FERC ordered PJM to remove the 10% cost adder for the reference resource used to establish the VRR curve in the RTO’s capacity market.
PJM MIC Briefs: July 14, 2021
Stakeholders unanimously voted to amend PJM's issue charge addressing the calculation of regulation mileage ratio, asking the RTO for more time to discuss.
Monitor Sees Problems with PJM Reserve Pricing Plan
Independent Market Monitor Joe Bowring said PJM’s proposed revisions to how it prices reserves necessitates changes in the capacity market.
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PJM MRC/MC Briefs: Sept. 27, 2018
The MRC voted on four packages of revisions as part of PJM’s quadrennial review of the VRR curve, but none of the proposals received majority support.
© RTO Insider
PJM Market Implementation Committee Briefs: Sept. 12, 2018
PJM staff have incorporated stakeholder input into their recommendations resulting from the quadrennial review of the VRR demand curve.

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