PJM stakeholders appeared split over proposals to delay the RTO’s capacity auctions to include market rule changes being considered by the Board of Managers.

PJM stakeholders requested that the Board of Managers provide more information about its initiation of a fast-track process to address reliability concerns.

Generation owners in PJM say declining capacity prices and market participation in the Base Residual Auction demonstrate underlying issues with the market.

PJM capacity prices dropped in much of the RTO for delivery year 2024/25, but ratepayers in five regions will face increases due to locational constraints.

FERC approved PJM’s request to revise its capacity rules to avoid a fourfold price increase in DPL South, rejecting complaints of retroactive ratemaking.

FERC accepted revisions to PJM’s tariff that the RTO proposed via its Quadrennial Review of the parameters underlying its Reliability Pricing Model auctions.

Generation owners say a PJM filing that asks FERC to approve a change to the parameters of the RTO’s 2024/25 capacity auction is a tariff violation.

PJM's Planning Committee endorsed a proposed solution for capacity accreditation of intermittent resources under the effective load-carrying capability process.

PJM backtracked on posting “indicative” results of the 2024/25 capacity auction in the face of stakeholder opposition.

PJM's first order of business in 2023 will be a review of the “indicative” 2024/25 capacity auction results following concerns of artificially inflated prices.