Capacity Performance (CP) requires that generators meet their commitments to deliver electricity whenever PJM determines they are needed to meet power system emergencies. As a “pay-for-performance” requirement, generators may receive higher capacity payments and are expected in return to invest in modernizing equipment, firming up fuel supplies and adapting to use different fuels. (Natural gas plants will improve fuel security, placing them on a par with traditional resources having firmer fuel supplies. Generators that exceed performance commitments will be entitled to funds collected from generators that underperform. Generators assume virtually all financial risks if they do not meet their power supply obligations

Source: https://www.pjm.com/-/media/library/reports-notices/capacity-performance/20150720-capacity-performance-at-a-glance.ashx?la=en.

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PJM Generation Asset Monitor Update | Capacity News

The 2026/27 PJM RPM Base Residual Auction is scheduled for early December. Ethan Howland reports in today’s Utility Dive that according to Morgan Stanley and ESAI Power’s Scott Niemann, PJM capacity auction prices could plausibly clear at the price cap.  Whilst clearing at the cap is a “very plausible” outcome, there are scenarios where pricing clears at “substantially” lower prices.

PJM Capacity Price Forecast Update BRA 2026/27 | Utility Dive | Capacity News

The 2026/27 PJM RPM Base Residual Auction is scheduled for early December. Ethan Howland reports in today’s Utility Dive that according to Morgan Stanley and ESAI Power’s Scott Niemann, PJM capacity auction prices could plausibly clear at the price cap.  Whilst clearing at the cap is a “very plausible” outcome, there are scenarios where pricing clears at “substantially” lower prices.

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

Ethan Howland 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. Our Scott Niemann, Managing Director & Principal, 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 could break higher than the overall regional transmission organization.