This ICF International "quick take" reviews the Federal Energy Regulatory Commission's (FERC) June 2015 order where it broadly accepted PJM's capacity performance (CP) proposal with modifications. Key topics include:
- PJM's capacity market going forward and potential effects on capacity supply, bidding behavior, and prices
- Estimated effect on prices and reliability for regional transmission operators (RTO)
- Stakeholders, risks, and enhanced opportunities under the new CP construct
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