A re-defined capacity product, revised parameters for generator performance, and a new role for demand response.
The proposal creates a new capacity product called the “Capacity Performance Resource.”
PJM would minimize risk, but so did regulation.
Changes envisioned by PJM call for ever more structured markets, further reducing the scope of the competitive landscape from which RTOs arose. They may produce a system that is actually more costly and less innovative than regulation.
How state-sponsored planning can fit with FERC’s capacity markets.
FERC-approved capacity markets and state-sponsored resource planning serve different needs. The one shouldn’t pre-empt the other.