Stakeholders endorsed revisions that would align PJM’s price-responsive demand rules with the Capacity Performance construct.

PJM staff unveiled a new capacity market proposal at a special session of the Markets and Reliability Committee: the Resource-specific Carve Out, or ReCO.

FERC has denied requests to shut down debate on whether PJM’s Capacity Performance construct should make room for seasonal resources.

In his quarterly state of the market report, the PJM IMM said the results of the 2018 Base Residual Auction show the need to change its capacity offer cap.

PJM ordered its second load shed event since implementing Capacity Performance in 2015 less than two months after ordering the first.

PJM faced several high load forecasts and hot weather alerts last month but never had to take emergency procedures, the Operating Committee learned.

The Markets and Reliability Committee approved PJM’s proposed revisions to adjust the methodology for developing the capacity model for winter peak weeks.

PJM experienced 77 emergency procedures in May, staff told attendees at last week’s Operating Committee meeting.

PJM ordered its first load-shed event since implementing Capacity Performance in 2015 after a transmission line in Indiana tripped offline.

PJM members at last week’s MRC meeting endorsed revisions to an initiative examining the calculation of the balancing ratio used in setting capacity offer caps.