PJM auction results provoke disparate views from FERC members on need for reform

摘要

Two Federal Energy Regulatory Commission members pointed to the results of PJM Interconnection’s recent capacity auction as reason to slow down efforts to overhaul the controversial minimum offer price rule, while the agency’s head insisted it was necessary to move ahead full-steam ahead to avoid disruptions to new renewable resources looking to enter the market. “The auction prices were significantly lower than they were last time, which is great ... [but] a lot of the existing renewables were grandfathered in so you’re not going to see a lot of impact the first year,” Chairman Richard Glick told reporters after the commission’s June 17 open meeting, during which Commissioners Neil Chatterjee and James Danly pointed to the latest auction to defend the current MOPR regime.