PJM proposes changes to financial transmission rights auction design

摘要

To mitigate risk in the wake of a 2018 multi-million dollar default, PJMInterconnection wants to hold more frequent financial transmissionrights auctions.Under a proposal presented Wednesday to a stakeholder panelstudying potential rule changes to manage risk in the FTR market,PJM would modify the auction design. Specifically, the grid operatorwould replace the existing “balance of planning period” auctionstructure with a monthly one and hold more frequent long-termauctions.