PJM said it will ask FERC to modify the rules of its 2024/25 capacity auction to avoid artificially high prices in one region of the RTO.

The PJM Planning Committee reviewed a slate of proposals to address capacity interconnection rights for effective load-carrying capability resources.

The IMM offered limited support for major provisions in PJM’s quadrennial review filing before FERC while urging the agency seek revisions to some proposals.

The PJM Markets and Reliability Committee endorsed an RTO-sponsored package to standardize variable operations and maintenance costs.

The PJM Planning Committee continued fine-tuning the five remaining packages for assigning capacity interconnection rights to ELCC resources.

The 2023/24 Base Residual Auction held by PJM in June yielded competitive results, the RTO’s IMM announced in a report released last month.

DR programs for residential customers and small businesses in PJM are being hampered by a lack of access to meter data, curtailment service providers say.

At the first in-person MRC meeting since the pandemic, PJM faced opposition to proposals regarding FERC filings and a change to the capacity offer cap.

Capacity prices dropped by one-third to almost one-half in PJM’s auction for 2023/24, likely depressed by the end of the MOPR and a tougher price cap.

FERC accepted PJM’s compliance filing restoring the historical energy and ancillary services revenue offset used in the RTO’s capacity market.