• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

PJM Gives Stakeholders Overview of MOPR Order

October 30, 2020 by PJM

PJM Senior Counsel Chen Lu on Thursday presented stakeholders with an overview of the recent Federal Energy Regulatory Commission order largely approving PJM’s plan to implement an expanded Minimum Offer Price Rule in its annual capacity auction.

In a presentation to the Oct. 29 meeting of the Markets and Reliability Committee, Lu outlined remaining compliance requirements, and said that PJM would set an auction date as soon as FERC rules on a related issue. That ruling, regarding changes in the PJM Energy and Ancillary Services markets that PJM filed with the Commission in August, is expected in coming weeks. The ruling will impact the capacity market, because it determines how future income in the PJM Energy and Ancillary Services markets is factored into offers made into the capacity auction.

Pre-auction activities are pegged to the date of the capacity auction, formally known as the Base Residual Auction, so no deadlines may be set at this time, Lu said. However, PJM is evaluating which activities may begin on a voluntary basis and is encouraging market sellers to begin preparing certain pre-auction activities voluntarily. PJM will discuss this further with stakeholders at the Nov. 5 meeting of the Market Implementation Committee.

PJM relied heavily on stakeholder feedback in crafting its earlier compliance filings, submitted in March and June of this year. One outcome of this collaboration was that FERC accepted exemption of state default service auctions from the expanded MOPR, as long as they met PJM’s criteria that deem them competitive and non-discriminatory.

“We think this order results in a workably competitive outcome for the markets,” Lu said.

The next compliance filing, due Nov. 16, is highly prescriptive, Lu said, giving PJM little if any discretion to modify the compliance language directed by FERC. Therefore, additional stakeholder meetings may not be needed to complete the filing. PJM intends to set the next Base Residual Auction date for about six and a half months after FERC issues an order allowing PJM to proceed with the next auction, Lu said. If that ruling comes by the end of the year, the auction for the 2022/2023 Delivery Year could be held in early summer of 2021. Subsequent auctions would be condensed, and PJM hopes to be back on schedule with the auctions – which are meant to be forward-looking three years – in 2024.

Original source: PJM

Filed Under: Corporate News, Northeast, Regions, Transmission and Distribution

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • SunShare Powers On Colorado Community Solar Project
  • East Coast, West Coast: Very Different Offshore Wind Industries
  • GameChange Solar Unveils New BifacialReflector Technology
  • Siemens Gamesa Supplies Turbines to Canada’s Rattlesnake Wind Farm
  • Orsted, PGE Partner on Baltic Sea Offshore Wind Projects
  • Offshore Wind Market for Jack-Up Interventions on the Rise
  • eia.gov logo EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022
  • Despite Odds Offshore Wind Has ‘Colossal Six Months’
  • BSF Names Orbital EPC in Coal Plant Conversion Projects
  • ALLETE Clean Energy’s Diamond Spring Achieves Commercial Operations

Footer

Trending

  • SunShare Powers On Colorado Community Solar Project
  • East Coast, West Coast: Very Different Offshore Wind Industries
  • GameChange Solar Unveils New BifacialReflector Technology
  • Siemens Gamesa Supplies Turbines to Canada’s Rattlesnake Wind Farm
  • Orsted, PGE Partner on Baltic Sea Offshore Wind Projects

Recent

  • Quick Tips To A Sustainable Future
  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2023 · EnergyNewsDesk.com