Base Residual Auction (BRA)
A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings.
The PJM Market Implementation Committee endorsed an issue charge to evaluate whether manual revisions are warranted, among other business conducted in the committee's most recent meeting.
PJM enters 2026 amid several efforts to ward off a reliability gap attributed to accelerating data center load, sluggish development of new capacity and resource deactivations.
FERC and the organized power markets it oversees are facing huge challenges in trying to meet rising demand reliably and affordably.
PJM’s 2027/28 Base Residual Auction procured 134,479 MW in unforced capacity at the $333.44/MW-day maximum price, falling 6,623 MW short of the reliability requirement and setting a clearing price record.
PJM stakeholders are to vote on a record-breaking number of proposals on how the RTO should integrate large loads without impacting resource adequacy.
If just 10% of the land-based renewables in PJM’s generator interconnection queue had been developed, the total cost of the RTO’s 2026/27 capacity auction would have been reduced by $3.5 billion, according to an analysis GridLab commissioned by Aurora Energy Research.
The PJM Board of Managers has directed staff to proceed with a Quadrennial Review design that reworks the capacity auction price curve and sets the reference resource as a combustion turbine for all zones.
The challenges of meeting soaring forecasts of data center load growth dominated the Organization of PJM States Inc. (OPSI) Annual Meeting.
PJM has withdrawn its non-capacity backed load proposal, shifting the focus of its solution for rising large load additions to creating a parallel resource interconnection queue and reworking price-responsive demand.
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