PJM has been gradually integrating stricter capacity requirements into the market: In the last two
forward capacity auctions, 80 % was allocated to a new Capacity Performance product and 20 % to Base Capacity.
«Pursuing creative but untested notions of demand as a demand resource in upcoming
capacity market
auctions and thus facing the prospect of several years of uncertain administrative and judicial litigation serves to undermine completely the very purpose of the
capacity market — namely, to provide a certain stream of
forward revenues to assist capital formation for resource investment.»
Scottish Power argues that under current market rules if a DSR CMU (
Capacity Market Unit - «a unit of electricity generation capacity or electricity demand reduction that can then be put forward in a future Capacity Market auction» according to the government definition), consisting of energy storage, is located behind the meter (BTM) it will not be subject to duration de
Capacity Market Unit - «a unit of electricity generation
capacity or electricity demand reduction that can then be put forward in a future Capacity Market auction» according to the government definition), consisting of energy storage, is located behind the meter (BTM) it will not be subject to duration de
capacity or electricity demand reduction that can then be put
forward in a future
Capacity Market auction» according to the government definition), consisting of energy storage, is located behind the meter (BTM) it will not be subject to duration de
Capacity Market
auction» according to the government definition), consisting of energy storage, is located behind the meter (BTM) it will not be subject to duration de-rating.