PJM will reduce the volume of imports that clear in next year’s Base Residual Auction – potentially increasing capacity prices – under methodology approved by the Planning Committee yesterday.

Operators of gas-fired generators could include the costs of ensuring fuel supplies in their energy market offers under changes being considered by PJM.

PJM is considering five capacity import zones with a combined limit (e.g. import cap) of 8,400 to 11,000 MW, officials told the Planning Committee Friday.

PJM may seek to lower the price cap on emergency demand response as a result of their review of the July 14-19 heat wave.

Unexpected imports from New York — not the mobilization of demand response — caused the heat wave price crash July 18 after spiking to $465/MWh amid the hottest day of the summer.

PJM took over management of the East Kentucky Power Cooperative on 6/1/13, adding almost 3,100 MW of generation and 2,800 miles of transmission to the RTO.

The Markets and Reliability Committee approved the creation of a task force to study potential reliability problems resulting from PJM’s increasing reliabili...