March 2, 2016
FERC Finds Part of PJM Capacity Market Mitigation Measures Unreasonable; IMM Had Warned Tariff Allowed Excessive Compensation
FERC has found part of the market mitigation measures for PJM's capacity market to be unjust and unreasonable since the tariff allows the cost-based energy offer cap to be used as the sole measure of short-run marginal cost in calculating capacity market offer caps.