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PJM Intends To Delay 2026/2027 Base Residual Auction For Six Months
In a notice PJM Interconnection announce its plan to delay its upcoming base residual capacity auction for about six months to give it time to craft reforms to its capacity market. PJM said that the delay will give the PJM Interconnection time to craft potential market reforms sought by state utility regulators and others.
“PJM does not take auction delay lightly, as the schedule for these auctions has already been compressed due to previous reform efforts,” the grid operator said. “However, this approach improves market certainty and provides a path for resolution before the next Base Residual Auction.”
As previously reported, the Sierra Club, Natural Resources Defense Council, Public Citizen, Sustainable FERC Project and Union of Concerned Scientists filed a complaint at the Federal Energy Regulatory Commission, challenging PJM’s failure to reflect reliability must-run power plants in its capacity auction. The groups asked FERC to order PJM to make changes to its rules before the next auction.
The complaint is supported by PJM’s market monitor, the Organization of PJM States, Inc., or OPSI, and the Maryland Public Service Commission.
See: Sierra Club et al. v. PJM Interconnection, L.L.C.., Docket No. EL24-148)
