FERC Approves Reforms to PJM Capacity Market

Key Takeaways: PJM’s forced generation capacity outages in the 2013/2014 winter, along with long-term distributed generation trend, prompted PJM to propose capacity market reforms to ensure system reliability After requesting additional information in April, FERC approved PJM’s approval, allowing for inclusion in August Forward Capacity Auction Capacity Performance will impose stringent operational requirements and non-performance...