The Planning Committee last week endorsed manual changes implementing PJM’s new capacity import limits.

Time is growing short for PJM stakeholders working towards consensus to address auction arbitrage and ban capacity market speculation before May’s auction.

PJM Members endorsed the changes to manuals 3A, 14A and 28.

The Operating Committee last week endorsed changes to Manuals 3A and 13 while the Market Implementation Committee endorsed revisions to Manual 28.

The following PJM manual changes were endorsed by the Markets and Reliability Committee on Nov. 21.

Lacking consensus, PJM dropped plans for a vote on measures to prevent speculation in the capacity auctions, returning the issue to a lower committee.

The PJM Board of Managers may seek FERC approval for a staff proposal to change the way demand response clears in capacity auctions despite stakeholders’ rejection of the plan.

Members approved PJM’s methodology for limiting capacity imports but soundly rejected the RTO’s proposal to change the way DR clears in the capacity market.

The Planning Committee approved a manual change that will result in PJM identifying potential transmission upgrade requirements earlier in the study process.

PJM will require all steam generators to adjust their capacity ratings based on summer peak load conditions under manual changes outlined to the PC and MIC last week.