Gavid Bade, Utility Dive
The PJM Interconnection will respond within 60 days to a landmark order from the Federal Energy Regulatory Commission finding its capacity market unjust and suggesting major changes, CEO Andy Ott told Utility Dive.
FERC last month rejected two proposals from the grid operator to reform its capacity market, instead suggesting changes to its Fixed Resource Requirement (FRR) to mitigate the impact of state power policies. Ott called that a “workable approach."
PJM must respond to the FERC order within the 60 days requested by the Commission, Ott said, or risk not having changes ready in time for its next capacity market auction in 2019. Familiarity among stakeholders with the FRR concept will help them meet the ambitious deadline, he said.