Dive Brief:

  • The PJM Interconnection will not delay its August capacity market auction, CEO Andy Ott announced Wednesday, despite a lengthy delay in approving new rules for the market from the Federal Energy Regulatory Commission.
  • FERC invalidated PJM’s current market rules last year but has not yet issued a decision on proposed changes. Ott said PJM will run the auction under current rules unless directed otherwise by FERC.
  • PJM last month warned FERC that it was nearing a number of deadlines to prepare for the auction and needed a decision soon. FERC regulators have repeatedly declined to comment on deliberations over rule changes, which force them to consider how state clean energy subsidies should be handled in wholesale markets.

Dive Brief:

  • The PJM Interconnection will not delay its August capacity market auction, CEO Andy Ott announced Wednesday, despite a lengthy delay in approving new rules for the market from the Federal Energy Regulatory Commission.
  • FERC invalidated PJM’s current market rules last year but has not yet issued a decision on proposed changes. Ott said PJM will run the auction under current rules unless directed otherwise by FERC.
  • PJM last month warned FERC that it was nearing a number of deadlines to prepare for the auction and needed a decision soon. FERC regulators have repeatedly declined to comment on deliberations over rule changes, which force them to consider how state clean energy subsidies should be handled in wholesale markets.