Credit to Author: Kennedy Maize| Date: Tue, 01 Mar 2022 05:11:00 +0000
The PJM Interconnection’s Minimum Offer Price Rule (MOPR) was introduced in 2006 as a floor to bar new generators from artificially depressing capacity auction clearing prices through below-cost bids.
The post Market Transitions: The MOPR Merry-Go-Round appeared first on POWER Magazine.
Read moreIn a 3–2 decision, the Federal Energy Regulatory Commission (FERC) rejected approaches filed by PJM Interconnection to reform its capacity market, whose integrity and effectiveness has been increasingly and “untenably threatened” by state subsidies for preferred generation resources, the federal regulatory body acknowledged. The June 29 order sharply divided the commission, prompting Democrat Commissioners Cheryl LaFleur […]
The post FERC Nixes PJM’s Fixes for Capacity Market Besieged by Subsidized Resources appeared first on POWER Magazine.
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