Base Residual Auction (BRA)
Stakeholders got a look at PJM’s initial response to FERC’s ruling this month on its expanded minimum offer price rule.
FERC approved most of PJM’s compliance filing on its expanded MOPR while reversing its position on state-directed default service auctions.
FERC granted PJM permission to use a lower peak load forecast for its second Incremental Auction in July, reflecting the impact of the COVID-19 pandemic.
More than two dozen companies and coalitions filed responses to PJM’s compliance filing to FERC's order expanding its MOPR.
Exelon said its Illinois nuclear plants are “up against a clock,” with the legislature unable to meet to consider withdrawing from PJM’s capacity market.
FERC denied rehearings on orders rejecting PJM’s efforts to stop capacity market participants from attempting to arbitrage between the BRA and Incremental Auctions.
PJM plans to hold the next Base Residual Auction about six months after they receive FERC approval of its compliance filing implementing the expanded MOPR.
RTO Insider held a webinar with regulators from five of PJM’s biggest states to find out how they plan to respond to FERC’s Dec. 19 order expanding MOPR.
PJM may compress the schedule for the delayed 2022/23 Base Residual Auction and subsequent auctions in response to FERC’s order expanding the MOPR.
PJM won’t run a capacity auction until FERC approves the RTO’s compliance filing implementing the expansion of its MOPR, making it unlikely for this year.
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