Cost Impact of PJM Capacity Performance Pegged at $7.3 Billion

A report released by the American Public Power Association (APPA) on October 8 estimates that the cost impact on consumers of PJM Interconnection’s recent Capacity Performance (CP) changes to its Reliability Pricing Model (RPM) will be $7.3 billion over the course of the next three … Read more…

PJM’s 2017/2018 Transition Auction Hits Capacity Performance Target

PJM Interconnection announced on September 9 that its second transition auction, opened on September 3, achieved its targeted procurement of resources to meet strict Capacity Performance (CP) standards for the 2017/2018 delivery year. Specifically, the targeted procurement quantity for the 2017/2018 delivery year was 112,194.5 … Read more…

PJM Calls First CP Transition Auction ‘Competitive’

PJM Interconnection reported on August 31 that its first Capacity Performance (CP) Transition Incremental Auction – opened on August 27 for the 2016/2017 delivery years – came in “well below the cap,” validating the competitiveness of the bidding. CP Transition Auctions for the 2016/2017 and … Read more…

Prices and Reliability Up, with PJM’s First Capacity Performance Auction

The first PJM Interconnection capacity auction to include the new Capacity Performance requirement attracted a strong response from resources prepared to meet the new pay-for-performance standards, the regional transmission operator reported on August 21. Under Capacity Performance, generators that pledge to make their capacity available … Read more…

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