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Feds Cancel Power Auction by Grid Operator, Market Uncertainty Increases

Tom Johnson, NJ Spotlight Summary A federal agency has told the operator of the nation’s largest power grid to cancel a planned auction next month that helps determine how much consumers and businesses pay for electricity. The decision by the Federal Energy Regulatory Commission on Thursday...

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PJM files update to energy market price formation rules with FERC

Iulia Gheorghiu, Utility Dive Summary PJM Interconnection filed a proposal on Friday with the Federal Energy Regulatory Commission to update its energy market price formation rules, due to an impasse among its stakeholders. The grid operator offered reserve pricing rules based on...

Library Entry

MRC Submits Comments to FERC in Response to Reliability Pricing Model Submitted by PJM

On November 6, 2018, the MRC filed comments to FERC in response to the proposal for revisions to its Reliability Pricing Model (RPM) submitted by PJM in response to the Commission's "Capacity Order" dated June 29, 2018. #MRC #FederalPolicy #PolicyandRegulation ...

MRC Comments EL16-49 et al.pdf

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PJM Asks FERC to Delay 2019 Capacity Market Auction

Gavin Bade, Utility Dive Summary The PJM Interconnection asked the Federal Energy Regulatory Commission on Tuesday to allow it to delay its May 2019 capacity market auction if the commission cannot make a final decision on rules for the market by early January. PJM and its member states...

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PJM CEO: Grid Operator Will Respond to FERC Capacity Market Order Within 60 Days

Gavid Bade, Utility Dive Summary The PJM Interconnection will respond within 60 days to a landmark order from the Federal Energy Regulatory Commission finding its capacity market unjust and suggesting major changes, CEO Andy Ott told Utility Dive. FERC last month rejected two proposals...

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FERC rejects PJM capacity market reform proposals, seeks quick resolution

Robert Walton, Utility Dive Summary In a 3-2 decision that drew sharp dissent from two commissioners, the Federal Energy Regulatory Commission late Friday rejected both of PJM Interconnection's proposals to address failures in its capacity markets due to state subsidies supporting...

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PJM changes would help subsidized coal, nuclear compete on market

Kathiann M. Kowalski, Energy News Network Summary Regional grid operator PJM wants to change how it sets energy and capacity prices in ways that could bolster uneconomic coal and nuclear plants. PJM’s President and Chief Operating Officer Andy Ott announced proposed changes to its annual...