Public Webinar

WEDNESDAY 6 DECEMBER 2023 | 12:30–1:30 PM ET

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Outlook for CIFP Capacity Market Reform in PJM

In December of 2022, RTO-wide outages during Winter Storm Elliott raised concerns whether PJM’s capacity market was securing adequate reserve margins and correctly incentivizing generator availability. Since then, PJM has undergone a series of rapid reform proposals via the Critical Issue Fast Path (CIFP) process. This session will explore the outlook for PJM’s capacity market considering the CIFP proposals recently filed with FERC.

We will cover the following questions:
• What were the goals for the CIFP process, and which updates made it into the final proposal to FERC?
• How can proposed CIFP rule changes to capacity accreditation, risk modeling, and MSOC affect BRA clearing prices?
• What will be the impact of proposed rule changes on asset economics?
• What are expected reserve margins in PJM under current market rules and proposed changes?

For any questions, please reach out to Jay Decunzo.

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Subscribers Only

This session is for GB Power Market and GB Renewables subscribers only.

Instructions

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