PJM affirms preferred auction dates

Source: BY KELSEY TAMBORRINO, Politico • Posted: Tuesday, June 2, 2020

Grid operator PJM on Monday filed a second compliance proposal with FERC to implement the agency’s December 2019 order to limit the participation of renewable and nuclear energy in the 13-state market. The grid operator wrote that it stands by its proposal to hold its long-delayed capacity auction by March of next year, but said it would need FERC to approve this and an earlier compliance filing quickly to meet that timeline.

States with clean energy and nuclear supports have said that schedule does not give them enough time to consider proposals to pull out of the long-term capacity market. PJM proposed that any market exits be finalized by June 1, but Maryland, Illinois and New Jersey have said they are considering pulling out of the market.