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PJM Also Proposes Extending Price Collar and Floor for RPM Auctions
On February 27, 2026 PJM Interconnection, L.L.C. (“PJM”) also filed a proposal to extend price collar revisions to the PJM Open Access Transmission Tariff (“Tariff”) by extending the existing price cap of approximately $325/megawatt (“MW”)-day in Unforced Capacity (“UCAP”)) and a price floor of approximately $175/MW-day (in UCAP) for all Reliability Pricing Model (“RPM”) Auctions through the 2028/2029 and 2029/2030 Delivery Years.
In the filing PJM said “[w]hile PJM diligently works on all of the above issues with its stakeholders, it is appropriate to simultaneously seek an extension of the existing price collar used in the capacity market through RPM Auctions associated with the 2028/2029 and 2029/2030 Delivery Years. PJM urges the Commission to note the larger context in which this proposal is being submitted under section 205 of the Federal Power Act.”
“PJM is proposing to extend the existing price collar used in the RPM Auctions for two additional Delivery Years (i.e., through the 2029/2030 Delivery Year) until PJM completes the upcoming reliability backstop procurement and subsequent holistic review of PJM’s wholesale energy and capacity markets. Specifically, PJM is proposing to temporarily extend the price ceiling of approximately $325/MW-day UCAP and a price floor of approximately $175/MW-day UCAP to be applied to the RPM Auctions associated with the 2028/2029 and 2029/2030 Delivery Years.”
PJM requests that the Commission issue an order on these proposed Tariff revisions by April 28, 2026, and accept the proposed revisions contained herein effective March 31, 2026.
