U.S. Rejects Power Market Changes Proposed by PJM Grid Operator

July 2, 2018, 5:30 PM

A Federal Energy Regulatory Commission finding that two proposals by the grid operator PJM Interconnection to change how it runs power capacity auctions were “unjust and unreasonable” means the region’s markets will remain status quo for the coming months until a replacement rate is filed.

The agency order was voted along a 3-2 party-line split, with the three Republican commissioners voting in favor and two Democratic commissioners dissenting. The PJM plan would have allowed power plants already receiving out-of-market state subsidies to bid into the regional grid operator’s capacity auctions as price-takers, gaining contracts “without mitigation.”

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