Key challenges in the review are tightening supply and demand, the uncertain cost of new capacity and accounting for changes PJM has made to how it identifies reliability risks and determines the capacity value for different resource types.

PJM saw its highest peak loads in over a decade during a heat wave that stressed the Mid-Atlantic region from June 22 to 26.

PJM’s Market Implementation Committee discussed a proposal to revise its governing documents to allow DR resources to participate in the regulation market when there may be energy injected at the customer’s point of interconnection

The Market Implementation Committee endorsed a joint PJM and Independent Market Monitor proposal to rework how uplift and deviation charges are calculated for market sellers.

The PJM Market Implementation Committee endorsed by acclamation an RTO-sponsored issue charge to consider changes to how resources committed in advance of the day-ahead market are offer capped.

The PJM Market Implementation Committee endorsed a proposal to revise the base formula rate for compensating black start resources.

PJM’s Market Implementation Committee narrowly endorsed a PJM proposal to use ELCC to model the availability of demand response resources in all hours, along with other changes to how DR accreditation is determined.