PJM heads into 2025 with several proposals before FERC seeking to rework its capacity market and generator interconnection queue, while stakeholders work on an expedited Quadrennial Review of the market and changes to resource accreditation.

ERCOT’s Board of Directors signed off on staff’s recommendation to move forward with executing an RMR contract for CPS Energy’s Braunig Unit 3, deferring a decision on the gas plant’s other two smaller units.

ERCOT will recommend that its Board of Directors approve a reliability-must-run contract for one of three aging CPS gas units, set for retirement, to maintain reliability in the San Antonio area.

Several state consumer advocates filed a complaint at FERC alleging PJM’s capacity market is failing to mitigate market power, overestimating future load and producing high clearing prices that generation owners cannot act on. 

ERCOT staff and CPS Energy continue to work “very closely” in negotiating reliability must-run contracts for three aging coal-fired units the grid operator says are necessary for reliability.

PJM stakeholders delayed voting on five proposals to rework the notification deadlines for generation deactivations and how compensation for reliability-must-run contracts is determined.

Texas’ regulatory commission has adopted a reliability standard for the ERCOT region, one of several policy parameters that will be used in upcoming analyses for the proposed performance credit mechanism market design.