November 2, 2024

Performance Assessment Intervals (PAIs)

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PJM Members Committee Approves Performance Penalty Reduction
The PJM Members Committee approved a proposal that would sharply reduce the penalties generators pay for underperforming during emergency conditions.
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PJM MRC Endorses Proposal to Reduce Performance Penalties
The MRC endorsed a proposal to reduce penalties for generators that don’t meet their capacity obligations during performance assessment intervals.
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PJM Stakeholders Refine CIFP Capacity Market Proposals
Stakeholders continued to refine proposals to overhaul PJM’s capacity market through the second phase of the RTO’s critical issue fast path process.
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PJM MRC Briefs: April 26, 2023
The PJM Markets and Reliability Committee on Wednesday endorsed a new renewable dispatch structure proposed by the RTO and the Independent Market Monitor.
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PJM: Elliott Nonperformance Penalties Total More Than $1.8B
PJM has assessed more than $1.8 billion in performance penalties on generators that underperformed during the December 2022 winter storm, the RTO said.
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Complaints to FERC over PJM Performance Penalties Multiply
More generator companies filed complaints with FERC alleging that PJM violated its governing documents during its response to the December 2022 winter storm.
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PJM, Stakeholders Present Initial Capacity Market Proposals to RASTF
PJM presented a preliminary proposal to overhaul its capacity market to the Resource Adequacy Senior Task Force.
Monitoring Analytics
PJM Monitor: Rise in Fuel Costs Led to Record-high Prices in 2022
Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.
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PJM Weighs Options for Winter Storm Elliott Follow-up
PJM updated stakeholders on its progress in collecting up to $2 billion in non-performance penalties stemming from Winter Storm Elliott.
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PJM Stakeholders Discuss Capacity Market Changes After Winter Storm
PJM's Independent Market Monitor has proposed a plan to eliminate performance assessment intervals and related penalties from the RTO’s capacity market.

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