PJM's Capacity Credit Market enables suppliers to offer and buyers to purchase unforced capacity credits in PJM.

Prospective buyers or sellers of capacity credits submit buy bids or sell offers indicating the maximum amounts (in megawatts) and prices (dollars/megawatt-day) they are willing to pay or accept for capacity credits for a given period of time. All bids and offers are confidential. PJM validates and processes the buy bids and sell offers to clear the market at a capacity clearing price.

Buyers and sellers must use the PJM's eCapacity application to participate in a daily or monthly capacity credit market. The required policies and procedures are outlined in the Capacity Credit Market Business Rules.

Market participants must contact PJM at 610-666-8869 if they are experiencing difficulty submitting a buy bid or sell offer through the eCapacity application.

The Capacity Credit Market is administered by PJM in accordance with the principles and procedures specified in Schedule 11 of the PJM Operating Agreement (PDF).

Market Monitoring Unit
MMU Capacity Market Data