Changes to rules impacting electric reliability in the nation’s largest power market will remain in place following a decision issued today by the U.S. Court of Appeals for the D.C. Circuit. The Court denied power generators’ petitions to overturn changes made to PJM Interconnection’s market seller offer cap (MSOC) as ordered and approved by the Federal Energy Regulatory Commission in September 2021.
Read MoreCompetitive Power Markets Needed to Meet Nation’s Energy Needs, Prudent Reforms Necessary
Targeted and prudent refinements to wholesale electricity markets will address power system reliability challenges and continue to support cost-effective, efficient, and cleaner power solutions, said the head of the national trade association representing competitive power suppliers Thursday following his participation in the Federal Energy Regulatory Commission (FERC)’s PJM Capacity Market Forum.
Read MoreSenate Hearing Highlights Growing Power System Reliability Concerns Among Experts
Last week, the Senate Energy and Natural Resources Committee held a hearing to examine the reliability and resiliency of the United States’ electric grid. Among the witnesses were NERC President and CEO Jim Robb as well as PJM President and CEO Manu Asthana.
Read MoreCompetitive Power Summit: PJM Interconnection’s Manu Asthana on Resource Retirements and how to Secure Reliability Through Markets
In a look back at our Competitive Power Summit, we unpack the keynote address by PJM Interconnection president and CEO Manu Asthana, in which he describes PJM’s priorities and concerns in the midst of an accelerating decarbonization.
Read MoreEPSA Statement on the PJM Interconnection 2024/2025 Base Residual Auction Results
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.
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