PJM Set To Hold Capacity Auction In June After Receiving Mixed FERC Decisions | Capacity News

February 12, 2024 | News

reports in Utility Dive that after receiving two key Federal Energy Regulatory Commission decisions, the PJM Interconnection plans to hold its next capacity auction in June.

PJM’s 2025/2026 Base Residual Auction is set to open June 12 and close June 18, with results slated to be posted June 25, the grid operator said. The schedule for pre-auction activities remains unchanged.

The announcement follows FERC’s Feb. 6 decision to reject a PJM proposal to revamp its offer cap and capacity performance rules and an earlier decision to approve a companion “modeling enhancement” plan that revises its resource adequacy risk modeling and capacity accreditation processes and bolsters its testing requirements for capacity resources.

Scott Niemann, Managing Director & Principal at ESAI Power, said the FERC-approved changes will likely put upward pressure on capacity prices in most parts of PJM. Driven by pending power plant retirements, prices in PJM’s Southwest MAAC zone — comprising Baltimore Gas and Electric and Pepco’s service territories — could break higher than the overall regional transmission organization.

Read the full article in Utility Dive

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Scott Utility Dive Feb 12 2024
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