PJM Market Implementation Committee (MIC)
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.
The Market Implementation Committee rejected a PJM issue charge that envisioned adding notice that Base Residual Auction rules are subject to change, with two-thirds of stakeholders opposed.
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 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.
The PJM Markets and Reliability Committee voted to eliminate energy efficiency from the capacity construct, adopting a proposal from the Monitor.
PJM has decided not to refile several components of its proposed capacity market redesign that was rejected by FERC in February.
The Market Implementation Committee endorsed a PJM proposal to revise how the capacity offered by energy efficiency resources is measured and verified, rejecting competing proposals from EE providers and the Monitor.
PJM’s Market Implementation Committee endorsed by acclamation a proposal to revise two financial inputs to the quadrennial review to reflect changing market conditions, particularly increased interest rates.
PJM stakeholders presented several proposals to revise how energy efficiency resources are measured and verified to the Market Implementation Committee.
PJM’s Market Implementation Committee endorsed by acclamation a proposal to add two energy market parameters for economic demand response.
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