PJM Market Implementation Committee (MIC)
PJM plans to hold the next Base Residual Auction about six months after they receive FERC approval of its compliance filing implementing the expanded MOPR.
Facing opposition from regulators and consumer advocates, PJM will suspend an initiative that could tighten fuel requirements for black start resources.
PJM stakeholders got their first look at the price floors that could be applied for capacity resources under the expanded minimum offer price rule.
PJM may compress the schedule for the delayed 2022/23 Base Residual Auction and subsequent auctions in response to FERC’s order expanding the MOPR.
PJM dropped its plan to clarify pseudo-tie eligibility after stakeholders argued some of the revisions conflicted with pending litigation.
Exelon said a report from PJM's Monitor uses assumptions to cast a negative light on the FRR alternative members may pursue in the face of an expanded MOPR.
PJM’s Monitor said recently approved maintenance adders to the synchronized reserve calculation allow resources to increase offers above competitive levels.
PJM won’t run a capacity auction until FERC approves the RTO’s compliance filing implementing the expansion of its MOPR, making it unlikely for this year.
PJM's Market Implementation Committee endorsed fuel-cost policy packages that would consider impacts of breaking the rules and adjust penalties accordingly.
The PJM Market Implementation Committee endorsed Manual 18 revisions that implement the new must-offer exception process approved by FERC last month.
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