Base Residual Auction (BRA)
Stakeholders unanimously voted to amend PJM's issue charge addressing the calculation of regulation mileage ratio, asking the RTO for more time to discuss.
FERC denied LS Power's complaint against PJM regarding Dominion Energy's decision to opt out of the capacity auction.
PJM stakeholders voted overwhelmingly in support of the RTO’s proposal to eliminate a capacity market rule that undermined state decarbonization efforts.
After several months of debate, PJM stakeholders endorsed an issue charge aimed at addressing compensation for reactive supply and voltage control service.
The early impacts of PJM’s first capacity auction in three years began to emerge Thursday as Exelon reiterated plans to retire two of its nuclear plants.
Capacity prices in most of PJM dropped by nearly two-thirds for 2022/23, with EMAAC and SWMAAC recording their lowest prices ever.
PJM ratepayers will likely see capacity prices drop as a result of Dominion’s decision to exit the market, according to a report by the RTO’s Monitor.
PJM must consider generator operating lives of more than 20 years under the unit-specific review process, FERC ruled just before the RTO's capacity auction.
PJM defended its handling of Dominion Energy’s decision to opt out of the May 19 capacity auction, asking FERC to reject a complaint by LS Power.
LS Power asked FERC to block Dominion from opting out of PJM’s capacity auction, saying the RTO violated its rules by accepting the utility’s FRR election.
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