Readers could have seen your ad here when reading this story. Email
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation

IMM Files Complaint At FERC Saying Capacity Market Seller Offer Cap Is Overstated

February 22,2019

Monitoring Analytics, LLC, acting in its capacity as the Independent Market Monitor (“Market Monitor”) for PJM Interconnection, L.L.C. (“PJM”), filed a Complaint at FERC seeking an order directing PJM to update the assumptions regarding the expected number of performance assessment intervals (“PAI”), formerly known as performance assessment hours (“PAH”), in calculating the default capacity market seller offer cap (“MSOC”).

"As a result of using an unreasonable and unsupported number of expected PAI (PAH) with the current nonperformance charge rate based on 30 hours, the default MSOC is overstated. This means that only a small number of very high offers are subject to unit specific cost review for market power. Most offers, including the offers setting price, are not subject to unit specific cost review for market power. An excessive default MSOC prevents effective mitigation of market power in the PJM Capacity Market. The lack of effective market power mitigation in the capacity market, where structural market power is endemic, is unjust and unreasonable. The public cannot rely on RPM auctions using the current default MSOC to ensure just and reasonable capacity market prices. PJM should be directed to revise the expected number of PAI (PAH) used to set the default MSOC," the IMM said in the complaint

See more detail in the IMM's complaint here

PJM   Capacity market  

Comment on this story

NEW Jobs on
Business-Development-Manager -- Retail Supplier -- Texas - Houston
Business-Development-Manager -- Agent, Broker, Consultant -- New Jersey
Energy-Sales-Broker -- Agent, Broker, Consultant -- Pennsylvania
Retail-Energy-Channel-Manager -- Retail Supplier -- New York
Chief-Operating-Officer -- Retail Supplier -- New York

More Stories on
FERC Orders PJM, NYISO To Revise Pricing For Fast-Start Resources To Reflect More Costs
FERC Adopts Order On PJM VRR Curves, Glick Says Order Unnecessarily Raises Costs
Consumer Advocates File Complaint AT FERC Over PJM Capacity Market Offer Cap
PJM and Argonne National Laboratory Collaborate to Study Guidelines for Solar Resources
PJM Says Third Incremental Auction Results Are Final, Absent Action From Governmental Authority

comments powered by Disqus

Advertise here:

Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service


Developed by: Avidweb Technologies inc.