Gavin Bade, Utility Dive
Summary
The PJM Interconnection on Monday filed two competing proposals to reform its capacity market at the Federal Energy Regulatory Commission, asking federal regulators to choose how to proceed.
One proposal from the PJM staff would create a two-stage capacity market to handle the price impacts of subsidized resources. The other, brought by its independent market monitor, would expand the Minimum Offer Price Rule (MOPR) to cover subsidized resources.
The dueling proposals have divided PJM's stakeholders, leading its CEO to appeal to FERC for a policy decision. FERC last month approved a similar two-part capacity proposal for ISO-New England in a 3-2 vote.
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