FERC to Convene Forum on PJM Capacity Market

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On April 19, 2023, FERC announced it would hold a forum to discuss the PJM Interconnection, L.L.C. (“PJM”) capacity market. The Commissioner-led forum is scheduled for Thursday, June 15, 2023. There will be three panels to discuss the current state of the PJM capacity market, potential improvements, and related proposals to address resource adequacy.

The first panel, an overview panel, will examine whether the PJM capacity market is achieving its objectives of ensuring resource adequacy at just and reasonable rates. The second panel, a technical panel, will explore potential market design reforms to ensure PJM’s capacity market is achieving its objectives. The third panel will be a roundtable with state representatives, including state Commissioners. The state representatives will discuss their views regarding the topics covered in the first and second panels.

Supplemental notices will be issued with further details regarding the agendas.

Individuals interested in participating in the forum as panelists should submit a self-nomination email by 5:00 p.m. on April 28, 2023, to PJM-Capacity-Market-Forum@ferc.gov. The forum is free and will be open to the public.

FERC’s Notice of Forum, issued in Docket No. AD23-7-000, can be found here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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