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 MoreMarkets, RTOs “Essential” for Future Grid, EPSA SVP Says at PJM Annual Meeting
EPSA SVP Nancy Bagot spoke at PJM Interconnection’s Annual Meeting last week, where she expressed the continued need for competitive wholesale markets and outlined approaches to increase reliability and advance the grid of the future.
Read MorePJM Announces Results of the 2023/2024 Annual Capacity Auction: Prices Are Significantly Lower Following Implementation of Focused MOPR and Revised Offer Cap
PJM Interconnection has announced the results of its annual capacity auction, or base residual auction (“BRA”), for the 2023/2024 Delivery Year (“DY”). It is important to note that this long-delayed auction is for the upcoming delivery year, not the typical three year-ahead auction schedule.
Read MoreEPSA Petitions Court of Appeals to Review FERC Inaction on PJM MOPR
EPSA continues to work toward rejection of changes to PJM Interconnection’s competitive power market rules.
Read MoreCompetitive Electricity Markets Spotlight: PJM Interconnection
Download the factsheet here. Competitive Wholesale Electricity Markets More than 20 years ago, competitive wholesale electricity markets were established in many parts of the U.S. to help reduce power generation costs, increase competition and choice, open the door to innovation, and enhance efficiency and operations. This new competitive era replaced an inflexible, vertically integrated monopoly […]
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