Base Residual Auction (BRA)
PJM
PJM's Markets and Reliability Committee endorsed by acclamation an issue charge by Constellation Energy focused on how storage as a transmission asset could be implemented in the RTO.
© RTO Insider LLC
The PJM MRC endorsed an issue charge to hire a consultant to investigate the pros and cons of a sub-annual capacity market and what designs stakeholders feel would be feasible.
© RTO Insider
Stakeholders rejected the installed reserve margin and forecast pool requirement values recommended by PJM staff, with some opposed arguing that the inputs remain nebulous.
PJM
The clearing price is the highest in PJM history and an increase of $59.22 (22%) from last year’s record for the RTO.
NRG Energy
PJM's Independent Market Monitor asked FERC to impose behavioral constraints on NRG Energy's proposed purchase of power plants and demand response from LS Power.
Yes Energy
Anger over a recent dramatic rate hike and fears of energy shortfalls because of a predicted future rise in demand have prompted New Jersey to look anew at whether the state should consider pulling out of PJM.
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FERC approved a PJM proposal to limit capacity prices to between $175 and $325/MW-day for the next two Base Residual Auctions, resolving a complaint from Pennsylvania Gov. Josh Shapiro.
FERC
Gov. Phil Murphy called for PJM to be investigated by FERC with regard to the Base Residual Auction, while FERC Commissioner Christie says PJM staff is "deserving of praise."
PJM
The Maryland Office of People’s Counsel filed a complaint alleging the rules used in PJM's 2025/26 Base Residual Auction would require consumers to pay twice for capacity provided by generators operating on RMR agreements.
© RTO Insider LLC
The PJM Markets and Reliability Committee endorsed a proposal to rework how demand response resources are modeled in the effective load carrying capability framework.
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