PJM capacity market auction could be delayed another year, uncertainty persists

摘要

As PJM Interconnection market participants unpack the Federal EnergyRegulatory Commission’s long-awaited capacity market order, it islooking increasingly likely that regulatory work will necessitate puttingoff base capacity auctions in the region for another year. Stakeholdersand PJM indicated Wednesday they would seek clarification on severalaspects of the order and at least one market participant advocatesseeking a compliance filing deadline extension.“There are likely scenarios and business decisions out there thatwe don’t know exist,” Adam Keech, PJM’s vice president of marketoperations, said during a Market Implementation Committee meeting.