An important element of the program was that the power plant subsidies were conditioned on the plant
clearing the capacity auctions, and it consequently exerted downward pressure on auction prices.
But accounting for demand response and paying for it are different things, and PJM's proposal notes that it will be
clearing capacity auctions in 2015, including the Base Residual Auction in May.
American Electric Power announced Sept. 10 that 7,209 MW of the company's unregulated generation fleet in the PJM Interconnection market
cleared the capacity auction for the 2018 - 2019 delivery year, representing all of the capacity that AEP Generation Resources bid into the auction.
Not exact matches
The Quad Cities Generating Station and Three Mile Island nuclear plants it owns failed to
clear the PJM
capacity auctions for 2019/2020 — meaning plants with lower energy costs won the
auction — and it's unclear how the plants can survive beyond 2019.
«It's
clear that the low prices for intermittent wind and solar bid at recent
capacity auctions apply only when the local grid assumes all responsibility for balancing and grid stability.
The proposal would phase out the current Renewable Technology Resource (RTR) exemption, which has allowed ISO - NE to
clear 200 MW of renewable generation in its
capacity auction annually (to a maximum of 600 MW) without regard for the MOPR.»
«Under ISO - NE's proposal, it would
clear the Forward
Capacity Auction as it does today, applying the minimum offer price rule (MOPR) to new capacity offers to prevent price supp
Capacity Auction as it does today, applying the minimum offer price rule (MOPR) to new
capacity offers to prevent price supp
capacity offers to prevent price suppression.
In support of the demand response (DR)
auction, the demand response post-
auction report provides a summary of the zonal DR
auction clearing prices, the
capacity obligation awarded to each successful participant in each electrical zone, and the qualified
capacity from all demand response
auction participants.
By withholding part of its fleet from the May 2014 PJM
capacity market
auction, Learner explained, prices
cleared at $ 120 per MW - day, doubling the RTO - wide
clearing price of $ 59 per MW - day for planning year 2016/17.
If a coal plant
cleared the first
auction at $ 10 / kW - month and acquired a forward
capacity obligation.
and wholesale energy markets already organize the correct merit orders, but the system's uniform
clearing price
auction has been infiltrated by zero - fuel - cost sources that also happen to offer almost no
capacity to the system.
In a statement released online following the outcome of the EA, Limejump said: «The
clear winners of the T1 / EA
Capacity Auction were anyone with existing generation and interconnectors (96.4 %).
The grid operators for the Mid-Atlantic and New England, PJM and ISO - New England (ISO - NE), procure such resources through mandatory
auctions where providers bid on selling
capacity to the grid at the
auction's
clearing price.