Reliability Pricing Model (RPM)
With a myriad of proposals emerging to revamp PJM’s capacity market, stakeholders are focused on what the RTO will do, but staff aren’t tipping their hand.
NOVEC weighed in with its own plan for reforming PJM’s capacity construct, saying the nine existing proposals ignored sometimes-illogical human behavior.
PJM appears headed toward implementing a capacity construct that would reprice auction results to address the influence of subsidized generation offers.
Stakeholders appear to be eyeing the finish line of PJM’s yearlong effort to consider reforming its capacity construct.
After nearly a year of discussion on potential changes to PJM’s capacity model, stakeholders are determining what components a new construct should have.
PJM staff have completed analysis of Reliability Pricing Model projects and are nearly finished examining interregional projects.
Proposals for reforming PJM's capacity markets were presented and explained at a two-day meeting of the Capacity Construct/Public Policy Senior Task Force.
The PJM Capacity Construct Public Policy Senior Task Force has been working hard to develop rule changes in time for next year’s capacity auction.
A coalition of PJM stakeholders narrowly won approval to review the capacity market (RPM) construct, with a focus on state public policy issues.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and the Members committee Thursday, September 29th.
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