Today the PJM Interconnection released the results of the Base Residual Auction (BRA), for the 2024/2025 Delivery Year (DY) which point to an ongoing trend of declining prices for power generation capacity that could drive resource retirement and threaten system reliability.
Read MoreFERC Decision to Allow PJM Electricity Market Auction Rule Changes Undermines Reliability and Investment in Energy Future
Under the cover of darkness last night, FERC issued an Order granting PJM’s request to change auction results after the fact. This action is in clear violation of the filed rate doctrine, the rule against retroactive ratemaking, and 100 years of Supreme Court precedent.
Read MoreEPSA Statement on the PJM Interconnection 2023/2024 Base Residual Auction Results
Auction Clearing Prices Are Significantly Lower Following Implementation of the Focused MOPR and Revised Offer Cap FOR IMMEDIATE RELEASE | June 22, 2022 CONTACT: Todd Snitchler 330.316.7492 | tsnitchler@epsa.org WASHINGTON – The PJM Interconnection released the 2023/2024 results of the Base Residual Auction (BRA), which cleared 144,870.6 MW of unforced capacity, representing a 21.6% reserve margin, […]
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