PJM Announces New Capacity Performance Transitional Auction Timeline
In light of FERC's directive to allow non-generation resources to participate in the PJM capacity performance transitional auctions, PJM announced PJM will adjust the schedule for two of its upcoming transitional capacity auctions to allow demand response and energy efficiency providers to participate.
The July 22 decision by FERC instructs PJM to allow demand response and energy efficiency providers to bid into transition auctions originally planned for July 27 and Aug. 3. Exact dates for the rescheduled transition auctions will be announced soon, "but they will likely be in the weeks following the base residual auction," PJM said
PJM’s Base Residual Auction for the 2018/2019 delivery year is unaffected and will be held Aug. 10.