Author: Jasmin Melvin
The US Federal Energy Regulatory Commission has denied requests for rehearing of its November 2020 approval of PJM Interconnection’s plans to overhaul its reserve market, with Chairman Richard Glick voting in favor while still disapproving of aspects of the grid operator’s current market design.
The March 9 order (EL19-58) avoids upending plans for resuming the region’s capacity auctions, which have not been held since 2018. It also rejects arguments from power suppliers, environmental groups and public interest advocates tied to PJM’s use of historical prices for forecasts and its application of a 10% adder, an otherwise allowable component of cost for all generating resources, only in …
