PJM Capacity Market Ruled Fair(ish)
Last week FERC ruled on a dispute about the new Reliability Pricing Model (RPM), PJM’s stab at a means of ensuring resource adequacy. Energy Legal Blog has a good summary of the ruling, written by Maria Urbina. For the most part FERC ruled in PJM’s favor, noting that most of the complaints were, in Urbina’s words, “implementation angst” – that is, when a new system is introduced there will always be winners and losers, and mostly this complaint was the losers yelling “it’s not fair!”. On the other hand, PJM was given a few things to think about.
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