PJM Proposes Changes To Seasonal Electric Capacity Auctions
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The PJM Interconnection announced Thursday it has filed for approval from the Federal Energy Regulatory Commission for improvements to increase opportunities for seasonal resources to participate in the capacity auctions. The proposal enhances aggregation rules for seasonal resources to satisfy Capacity Performance requirements, such as year-round availability. "This proposal maintains the certainty needed for capacity market participants while significantly enhancing seasonal capacity resources' ability to participate as capacity performance resources," said Andrew L. Ott, PJM president and CEO. PJM's proposal allows the capacity auction process to match winter-only resources with summer-only resources, removing counterparty arrangement barriers. The proposal also allows aggregation of resources across the grid's footprint, removing geographic restrictions. Under the PJM capacity performance structure, all resources – including demand response and renewable resources – must be available whenever needed to ensure reliability. Aggregation provides an opportunity for resources with greater availability in different times of the year to be paired to create an annual resource. While this ability has been in place since the implementation of capacity performance, few aggregated offers were submitted in recent auctions. With FERC approval, the changes would be in effect for the May 2017 auction for the 2020-2021 delivery year. The proposal also enhances the measurement and verification rules for demand response resources, better reflecting their actual capabilities. For more information on programs and activities, visit the PJM Interconnection website. NewsClips: Trump Wants A Coal Comeback But It Probably Won’t Happen FirstEnergy Wants State Help To Keep Coal, Nuclear Plants Going WSJ: Cheap Natural Gas Tests Trump’s Promise To Revive Coal Energy Company Flips Switch On 2nd Natural Gas Power Plant In PA SEPTA Approves Natural Gas Power Plant In Philadelphia $399M Berks County Natural Gas Power Plant Will Need Water Philadelphia Celebrates Opening Of 57 Energy Efficient Housing Units Duquesne Light Moves Forward On Microgrid Project PECO Provides Meaningful Economic Impact Across PA IEA Chief: Natural Gas, Renewables Will Be Big Winners Wharton: Economic Costs, Benefits Of EPA’s Clean Power Plan |
11/21/2016 |
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