PJM opens bidding window for base residual auction for capacity

PJM Interconnection said May 11 that the bidding window has opened for its 2019-2020 Base Residual Auction (BRA) for capacity.

The auction window will close on May 17 and final results will be reported on May 24. About 80% of the total requirement for resources is targeted for Capacity Performance resources in this auction.

Next year’s auction for the 2020-2021 delivery year will require all resources to meet Capacity Performance standards, PJM noted.

PJM’s first capacity auction to include the new Capacity Performance requirement attracted a strong response from capacity resources prepared to meet the new pay-for-performance standards, PJM said last August.

The 2018/2019 Reliability Pricing Model (RPM) Base Residual Auction (BRA) cleared 166,836.9 MW of unforced capacity, PJM has said.

PJM runs the world’s largest wholesale electricity market as the regional transmission organization (RTO) for the area that encompasses all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.