FERC has rejected a PJM proposal to rework the role of performance penalties in its capacity market and how the associated risks can be reflected in seller offers.

PJM continued its presentation of its proposal to overhaul the capacity market during a June 21 Critical Issue Fast Path process meeting.

PJM's MIC deferred a vote on adopting a problem statement and issue charge to discuss combined cycle modeling in the market clearing engine.

PJM's Independent Market Monitor has proposed a plan to eliminate performance assessment intervals and related penalties from the RTO’s capacity market.

The MRC discussed the market seller offer cap and capacity performance quantifiable risk at the behest of stakeholders concerned about current constructs.

Load interests continued to oppose PJM’s proposal to change the market seller offer cap, a month after it failed to meet the two-thirds endorsement threshold.

PJM's proposal to change its capacity offer cap failed to win stakeholders' blessing, but the RTO may submit it anyway, seeking a FERC OK for its next auction.

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.