Capacity Market
PJM generators — such as Exelon, Dynegy, NRG and PSEG — will earn $10.9 billion from this year’s capacity auction in the first test of the RTO’s new Capacity Performance requirements.
FERC denied the SPP Market Monitoring Unit’s request for rehearing of a December 2014 order that rejected the Monitor’s use of a market-impact test to track physical withholding.
PJM's first capacity auction under its new no-excuses policy saw prices rise 37% to $164.77/MW-day in most of the RTO.
PJM energy market prices were down almost 40% in the first half of 2015 compared with 2014, while capacity and transmission service charges rose.
PJM's Base Residual Auction for 2018/19 will be the first under the new Capacity Performance rules approved by FERC in June.
ISO-NE and the NEPOOL Participants Committee want to begin using the RTO’s system-wide sloped demand curve in their Annual Reconfiguration Auctions.
A roundup of news from the PJM Market Implementation Committee on Aug. 12, 2015.
Dynegy told FERC it should reject complaints over its bidding in MISO’s capacity auction last April, saying the challenges suffer from a “fatal” procedural flaw.
FERC said it needed more time to consider rehearing requests of its June 9 order largely approving PJM’s Capacity Performance plan.
The union representing workers at a Massachusetts power plant slated for closure is again asking federal regulators to reconsider its protest of ISO-NE capacity auction results.
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