The Federal Energy Regulatory Commission (FERC) has approved PJM Interconnection’s plan to fast-track interconnection reviews for 50 power generation projects, despite opposition from renewable energy developers. This initiative aims to address potential capacity shortfalls as early as 2026 by bringing 10 GW of power online up to 18 months faster than the normal process. FERC…
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 PJM Interconnection board of managers is seeking a delay of upcoming capacity auctions, including June’s auction for the 2025/26 delivery year, so that proposed design rule changes may be implemented. “In arriving at this decision, the Board recognized that, despite the implications of auction delay, reforms are necessary to the capacity market design in…
