RRI (Reliability Resource Initiative) is a one-time opportunity for shovel-ready resources that can come online quickly and most effectively contribute to reliability. PJM will now use a Federal Energy Regulatory Commission-approved rating process to select up to 50 projects. This will provide an influx of reliable generation needed to help meet demand growth, in tandem with those resources that are already in PJM’s generation interconnection queue.
Source:
https://insidelines.pjm.com/ferc-accepts-two-pjm-proposals-to-expedite-supply-additions/#:~:text=The%20Reliability%20Resource%20Initiative%20(RRI,to%20be%20fully%20implemented%20next
We will soon publish our Capacity Watch for PJM report, which provides a comprehensive analysis of market drivers and recent developments, including Market Rules Changes for Capacity Accreditation (ELCC & CIFP), Increased Demand Forecast for Data Centers & AI and Retirement Drivers: At-risk assets driven by coal ash rules.
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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.