PJM RPM Capacity Market Description
PJM’s capacity market called the Reliability Pricing Model, ensures long-term grid reliability by securing the appropriate amount of power supply resources needed to meet predicted energy demand in the future. PJM Capacity Market Auctions include both Incremental Auctions (IA) and Base Residual Auctions (BRA). Here is a calendar of upcoming PJM capacity market auctions.
2024/25 Incremental Auction Activity |
|||
Auction Type |
Auction Window Opens |
Auction Window Closes |
Auction Results Posted |
| 3rd Incremental Auction – Delivery year 2024/25 | 2/27/2024 | 3/4/2024 | 3/11/2024 |
Updated September 12, 2023
Auction Date – Month/Year |
Auction Type |
Delivery Year |
Notes |
| July 2024 | Base Residual Auction (BRA) | 2025/26 | PJM will update with specific dates and a detailed pre-auction activity schedule well in advance of the scheduled auction. |
| December 2024 | BRA – Delivery Year 2026/27 | 2026/27 | |
| February 2025 | 3rd Incremental Auction (IA) | 2025/26 | |
| June 2025 | Base Residual Auction (BRA) | 2027/28 | |
| December 2025 | Base Residual Auction (BRA) | 2028/29 | |
| February 2026 | 3rd Incremental Auction | 2026/27 | |
| July 2026 | 2nd Incremental Auction | 2027/28 | |
| February 2027 | 3rd Incremental Auction | 2027/28 |
Updated September 12, 2023
ESAI Power is providing this information to assist you in understanding the schedules for different ISO/RTO Energy Auctions. Note that ESAI Power urges all market participants to check all market rules and ensure that you are complying with all requirements for each ISO/RTO.
More Information
- To confirm dates for PJM Auctions – please consult the PJM website here:
https://www.pjm.com/-/media/markets-ops/rpm/rpm-auction-info/rpm-auction-schedule.ashx - PJM RPM IA FAQs can be found here:
https://pjm.com/-/media/markets-ops/rpm/rpm-auction-info/rpm-incremental-auction-faqs.ashx
About ESAI Power
ESAI Power is a market research and consulting firm that delivers focused analysis of the wholesale power markets in the Northeast region of the US: PJM, NYISO, and ISO-NE. Since 2001, ESAI has been providing market-focused research product content and custom consulting services for Northeast power market participants including investors (banks, private-equity, & hedge funds) & developers, generation owners & operators, utilities & retail electricity suppliers, regulators & RTOs, traders, and end-users & buyers.