December 11, 2024

Market watchdog protests PJM’s capacity auction, calling for inclusion of extended-life plants

The exclusion of RMR capacity in the 2026/2027 auction could cost consumers as much as $14.5B, OPSI says.

Escalating Protests: Monitoring Analytics LLC, PJM's independent market monitor, filed a protest with FERC, arguing that the capacity auction unlawfully excludes from participation power plants under reliability must-run (RMR) contracts, echoing concerns raised by public interest groups. RMR contracts keep aging and money-losing power plants online beyond their slated retirement date to ensure grid reliability. SW Insight: Backing by the ...

Details:

Filing Date: October 10, 2024

Docket Numbers:

EL24-148

Short Summary:

Monitoring Analytics LLC, PJM’s independent market monitor, filed a protest with FERC on Oct. 10, arguing that the capacity auction unlawfully excludes from participation power plants under reliability must-run (RMR) contracts, echoing concerns raised by public interest groups.

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Categories:

Legal Challenges & Disputes

Tags: Capacity Market, Protests

Entities: Monitoring Analytics LLC

Markets: PJM Interconnection (PJM)

Regions: Mid-Atlantic & Midwest

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Regulators:

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