Summary
PJM Interconnection on Wednesday issued a compliance filing with the Federal Energy Regulatory Commission that largely satisfied some of the biggest critics of the regulatory body's controversial Minimum Offer Price Rule (MOPR) order.
FERC's December order attempted to effectively raise the floor prices for state subsidized resources bidding into the wholesale market, eliciting concerns that the new rules could effectively nullify state policies attempting to increase deployment of new zero-emissions resources.
But Wednesday's filing quelled some of the concerns initially raised by the renewables industry, allowing projects to advocate for lower MOPR floor prices on a case-by-case basis and lowering the overall adjusted floor prices for clean energy technologies to clear future bid auctions.
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