The Federal Energy Regulatory Commission (FERC) has approved PJM Interconnection’s request to delay the 2026-2027 capacity auction by six months, rescheduling it for June 2025, after complaints about soaring wholesale capacity market prices. The next three base capacity auctions, through the 2029-2030 delivery year, will also be delayed six months. Although some critics argue…
The PJM Interconnection (PJM) is planning to ask the Federal Energy Regulatory Commission (FERC) to delay its 2026-2027 delivery year capacity auction by six months in response to a complaint that challenged the grid operator’s failure to reflect reliability must-run (RMR) power plants in its capacity auctions. RMR power plants are plants that have operated…
The Southwest Power Pool (SPP) has asked the Federal Energy Regulatory Commission (FERC) to approve new tariff revisions that would implement separate planning reserve margins for the summer and winter seasons, replacing the current single margin for both. This move is designed to help utilities better prepare for seasonal differences; particularly as extreme winter weather…
The first PJM capacity auction in three years saw some of the lowest clearing prices in its history. The auction resulted in an RTO clearing price of $50/MW-day, which is down from $140/MW-day in the previous auction, and lower than analyst’s expectations, due, in part, to a lower load forecast and reserve requirement. Another factor…
