PJM ratepayers will likely see capacity prices drop as a result of Dominion Energy’s decision to exit the market, according to a report released by the RTO’s Independent Market Monitor on the eve of the long-awaited Base Residual Auction. Monitoring Analytics’ report, released Tuesday, a day before the beginning of...

Dominion Energy Virginia has abandoned PJM’s capacity market over concerns the minimum offer price rule (MOPR) will undermine its ability to meet Virginia’s ambitious renewable energy targets. The utility confirmed Wednesday it has chosen the fixed resource requirement (FRR) for capacity year 2022/23 for more than 60 generating units totaling...