Committees & Groups

Issue Details

Capacity Market Reform

Stakeholders undertook resolution of issues related to the Minimum Offer Price Rule (MOPR) using the Critical Issue Fast Path (CIFP) process, which culminated in a vote by the Members Committee endorsing a proposal which went into effect by operation of law effective September 29, 2021. This issue charge is intended to address the remaining issues identified as a result of the Capacity Market Workshops as well as topics identified in the Board Letter

Proposed Timeline

Issue initiated: 1.26.2022
Work begins: 12.17.2021
Target Completion: 12.31.2023
Actual Completion: TBD

Issue Details

Stakeholder Body Resource Adequacy Senior Task Force
Facilitator Anders, David
Subject Matter Expert Bruno, Patrick
Problem Statement/
Issue Charge First Read 		12.15.2021
Issue Catalyst Issues identified by stakeholders in the Capacity Market Workshops as well as a letter issued by the PJM Board of Managers (Board Letter) on April 6, 2021 urging stakeholders to address a series of topics related to the capacity market.
Issue Status On-Hold
Manual Changes No

  • Stakeholder Process Step

  • On Hold Approved
  • On Hold Education
  • On Hold Interest
  • On Hold Design
  • On Hold Options
  • Not Started Packages
  • Not Started Consensus
  • Not Started Review
  • Not Started Completed
 2.16.2024 - PC - ELCC Education Session
 9.20.2023 - MC
 8.23.2023 - Special MC - Critical Issue Fast Path (CIFP) - RA
 3.15.2023 - RASTF
Agenda - RASTF - 03.15.2023  PDF
Agenda - RASTF - 03.15.2023-doc  DOC
Draft Minutes - RASTF - 02.28.2023  PDF
Item 02 - BRA Schedule options_v2  PDF
Item 03 - CIFP-RA Problem Statement  PDF
Item 04 - CIFP-RASTF Issue Charge  PDF
Item 05 - PJM CIFP Proposal Review  PDF
Item 06A - IMM_High_Level_Capacity_Market_Design_Proposal_20230210  PDF
Item 06A - IMM_RASTF_20230131  PDF
Item 06B - Matrix - All KWA - DRAFT - 2.28.2023-Post Meeting Updates  XLS
Item 06B - Matrix - All KWA - DRAFT - 2.28.2023-Updated  XLS
Item 06C - 2023 Mar 15 PJM RASTAF - AEMA - Brian Kauffman  PDF
Item 06D - EKPC capacity market reform design concept - examples March 2023  XLS
Item 06D - EKPC Capacity Reform Design Concept Presentation - March 2023  PDF
Item 06D - EKPC resource adequacy and capacity market design concept March 2023  PDF
 3.8.2023 - MIC
 2.28.2023 - RASTF
 2.14.2023 - RASTF
 2.8.2023 - MIC
 1.31.2023 - RASTF
 1.23.2023 - MC Information Webinar
 1.18.2023 - RASTF
 12.22.2022 - RASTF
Agenda  PDF
Agenda-doc  DOC
Draft Minutes - RASTF - 11.30  PDF
Item 01 - RASTF Work Plan Timeline  PDF
Item 02 - Performance Assessment and Obligation Education  PDF
Item 03A - RASTF Template for High-Level Design Concepts - IMM  PDF
Item 03B - RASTF High-level Design Concept - MN8 - Presentation  PDF
Item 03B - RASTF Template for High-Level Design Concepts - MN8  PDF
Item 03C - RASTF Template for High-Level Design Concepts - NRDC - Sierra Club - RMI  PDF
Item 03C- RASTF Template for High-Level Design Concepts - NRDC- Sierra Club-RMI - Presentation  PDF
Item 03D - RASTF Template for High-Level Design Concepts - E-Cubed  PDF
Item 03E - RASTF Template for High-Level Design Concepts - PJM  PDF
Item 03F - RASTF Template for High-Level Design Concepts - AMP  PDF
Item 04 - RASTF Data Analysis - December 2022  PDF
 11.30.2022 - RASTF
 11.14.2022 - MC Information Webinar
 11.10.2022 - RASTF
 10.31.2022 - RASTF
 10.24.2022 - MRC
 10.11.2022 - RASTF
Agenda  PDF
Agenda-doc  DOC
Draft Minutes - RASTF - 9.22  PDF
Item 02A - Perspectives on High-Level Design Concepts - RMI  PDF
Item 02B - Perspectives on High-Level Design Concepts - AMP  PDF
Item 02C - Perspectives on High-Level Design Concepts - MN8  PDF
Item 02D - Perspectives on High-Level Design Concepts - Roy Shanker  PDF
Item 02E - Perspectives on High-Level Design Concepts - LS Power  PDF
Item 03A - Matrix - Reliability Risks and Drivers - Key Work Activity 2  XLS
Item 03B - Matrix - Procurement Metric and Level - Key Work Activity 3  XLS
Item 03C- Matrix - Performance Assessment - Key Work Activity 4  XLS
Item 03D- Matrix - Qualification and Accreditation- Key Work Activity 5  XLS
Item 03E - Matrix - Obligations of Capacity Resources- Key Work Activity 6  XLS
Item 04 - Draft Template for High-Level Design Concepts  PDF
Minutes  PDF
RASTF Data Analysis - October 2022  PDF
 9.22.2022 - RASTF
Agenda  PDF
Agenda-doc  DOC
Draft Minutes - RASTF - 8.31  PDF
Item 02 - RASTF Data Analysis - September 2022  PDF
Item 03 - Transmission in the Reliability Pricing Model Education  PDF
Item 04A - Perspectives on High-Level Design Concepts - IMM  PDF
Item 04B - Perspectives on High-Level Design Concepts - Sustainable FERC Project  PDF
Item 04C - Perspectives on High-Level Design Concepts - Calpine and E3  PDF
Item 04D - Perspectives on High-Level Design Concepts - RMI  PDF
Item 05A - Matrix - Reliability Risks and Drivers - Key Work Activity 2  XLS
Item 05B - Matrix - Procurement Metric and Level - Key Work Activity 3  XLS
Item 05C - Matrix - Performance Assessment - Key Work Activity 4  XLS
Item 05D - Matrix - Qualification and Accreditation - Key Work Activity 5  XLS
Item 05E - Matrix - Obligations of Capacity Resources - Key Work Activity 6  XLS
Minutes  PDF
 9.21.2022 - MC
 9.21.2022 - MRC
 9.19.2022 - MC Information Webinar
 8.31.2022 - RASTF
 8.24.2022 - MRC
 8.8.2022 - RASTF
Agenda  PDF
Agenda-doc  DOC
Draft Minutes - RASTF - 7.15  PDF
Item 02 - Market Seller Offer Cap Package Vote Results  PDF
Item 03A - Seasonal Capacity Perspectives - Wilson Energy Economics  PDF
Item 03B - Seasonal Capacity Perspectives - LS Power  PDF
Item 04 - Thermal Outages Data Analysis  PDF
Item 05 - Capacity Value Accreditation Concepts in the Reliability Pricing Model  PDF
Item 06 - Matrix - Performance Assessment - Key Work Activity 4  XLS
Item 07 - Matrix - Qualification and Accreditation- Key Work Activity 5  XLS
Item 08 - Matrix - Obligations of Capacity Resources- Key Work Activity 6  XLS
Minutes  PDF
Post Meeting - Matrix - Obligations of Capacity Resources- Key Work Activity 6  XLS
Post Meeting - Matrix - Performance Assessment - Key Work Activity 4  XLS
Post Meeting - Matrix - Qualification and Accreditation- Key Work Activity 5  XLS
 7.27.2022 - MC
 7.27.2022 - MRC
 7.25.2022 - MC Information Webinar
 7.15.2022 - RASTF
Agenda  PDF
Agenda-doc  DOC
Draft Minutes - RASTF - 6.23.2022  PDF
Item 02A - MSOC Package Executive Summary - PJM  PDF
Item 02E - Matrix - Market Seller Offer Cap - MSOC - Key Work Activity 9  XLS
Item 03 - RASTF Work Plan  PDF
Item 03 - RASTF Work Plan Review  PDF
Item 04 - AEE RASTF Request for Analyses  PDF
Item 05 - Matrix - Performance Assessment - Key Work Activity 4  XLS
Item 06 - Matrix - Qualification and Accreditation- Key Work Activity 5  XLS
Item 07 - Matrix - Obligations of Capacity Resources- Key Work Activity 6  XLS
Minutes  PDF
Post Meeting - AEE RASTF Request for Analyses  PDF
Post Meeting - Matrix - Obligations of Capacity Resources- Key Work Activity 6  XLS
Post Meeting - Matrix - Performance Assessment - Key Work Activity 4  XLS
Post Meeting - Matrix - Qualification and Accreditation- Key Work Activity 5  XLS
 6.29.2022 - MRC
 6.27.2022 - MC Information Webinar
 6.23.2022 - RASTF
Agenda  PDF
Agenda-doc  DOC
Draft Minutes - RASTF - 6.10.2022  PDF
Draft Minutes - RASTF - 6.13.2022  PDF
Item 02A - Narrow Market Seller Offer Cap Package Vote Results  PDF
Item 02B - Market Seller Offer Cap Package - PJM  PDF
Item 02C - Market Seller Offer Cap Package - E-Cubed Policy Associates  PDF
Item 02C - Market Seller Offer Cap Package - E-Cubed Policy Associates - Presentation  PDF
Item 02D - Market Seller Offer Cap Package - IMM  PDF
Item 02E - Market Seller Offer Cap Package - LS Power  PDF
Item 02F - Matrix - Market Seller Offer Cap - MSOC - Key Work Activity 9  XLS
Item 03A - Seasonal Capacity Perspectives - AMP  PDF
Item 03B - Seasonal Capacity Perspectives - Environmental Organizations  PDF
Item 04 - Matrix - Performance Assessment - Key Work Activity 4  XLS
Item 05 - Matrix - Qualification and Accreditation - Key Work Activity 5  XLS
Item 06 - Matrix - Obligations of Capacity Resources- Key Work Activity 6  XLS
Item 07 - Net Energy and Ancillary Services Revenue Offset Work Plan  PDF
Minutes  PDF
Post Meeting - Matrix - Market Seller Offer Cap - MSOC - Key Work Activity 9  XLS
Post Meeting - Matrix - Obligations of Capacity Resources- Key Work Activity 6  XLS
Post Meeting - Matrix - Performance Assessment - Key Work Activity 4  XLS
Post Meeting - Matrix - Qualification and Accreditation- Key Work Activity 5  XLS
 6.13.2022 - RASTF
 6.10.2022 - RASTF
 5.26.2022 - RASTF
 5.4.2022 - RASTF
 4.27.2022 - MRC
 4.25.2022 - MC Information Webinar
 4.11.2022 - RASTF
Agenda  PDF
Agenda  DOC
Draft Minutes - RASTF - 3.24.2022  PDF
Item 2 - E3 Perspectives on Capacity Market Reform  PDF
Item 3A - Market Seller Offer Cap Package - IMM  PDF
Item 3B - Market Seller Offer Cap Package - PJM  PDF
Item 3C - Market Seller Offer Cap Package - E-Cubed Policy Associates  PDF
Item 3D - Market Seller Offer Cap Package - LS Power  PDF
Item 3E - Matrix - Market Seller Offer Cap - MSOC - Key Work Activity 9  XLS
Item 3F - MSOC Work Plan  PDF
Item 4A - Perspectives on Reliability Risks and Drivers - LS Power  PDF
Item 4B - Matrix - Reliability Risks and Drivers - Key Work Activity 2  XLS
Item 5 - Matrix - Procurement Metric and Level - Key Work Activity 3  XLS
Item 6 - Education on Capacity Resources  PDF
Minutes  PDF
Post Meeting - Matrix - Reliability Risks and Drivers - Key Work Activity 2  XLS
 3.24.2022 - RASTF
 3.21.2022 - MC Information Webinar
 3.14.2022 - RASTF
 3.10.2022 - OC
 3.7.2022 - RASTF
 2.28.2022 - RASTF
Agenda  PDF
Agenda  DOC
Minutes  PDF
Draft Minutes - RASTF - 2.4.2022  PDF
Item 2A - MSOC Options for Consideration - PJM  PDF
Item 2B - Matrix - Market Seller Offer Cap (MSOC) - Key Work Activity #9  XLS
Item 2C - MSOC E&AS Offset Draft Poll Questions  PDF
Item 3A - Perspectives on Clean Procurement - PJM  PDF
Item 3B - Perspectives on Clean Procurement - SEIA, AEE & ACP  PDF
Item 4A - Perspectives on Reliability Risks and Drivers - Wilson Energy Economics  PDF
Item 4B - Perspectives on Reliability Risks and Drivers - Enel  PDF
Item 4C - Perspectives on Reliability Risks and Drivers - Astrape  PDF
Item 4D - Matrix - Reliability Risks and Drivers - Key Work Activity #2  XLS
Item 5A - Perspectives on Procurement Metric and Level - Wilson Energy Economics   PDF
Item 5B - Matrix - Procurement Metric and Level - Key Work Activity #3  XLS
Post Meeting – Matrix – Market Seller Offer Cap (MSOC) – Key Work Activity #9  XLS
 2.18.2022 - RSCS
 2.10.2022 - OC
 2.4.2022 - RASTF
Agenda  PDF
Agenda  DOC
Draft Minutes - RASTF - 1.10.2022  PDF
Item 2A - Market Seller Offer Cap (MSOC) - PJM  PDF
Item 2B – Market Seller Offer Cap (MSOC) Perspectives & Options – Calpine   PDF
Item 2C – Market Seller Offer Cap (MSOC) Perspectives & Options – Brookfield   PDF
Item 2D - Matrix Marker Seller Offer Cap Ket Work Activity #9  XLS
Item 2D - Matrix Marker Seller Offer Cap Ket Work Activity #9 - Post Meeting  XLS
Item 3A - Clean Procurement Perspectives - RMI  PDF
Item 3B - Clean Procurement Perspectives - IMM  PDF
Item 4A - 2021 Fuel Security Analysis at 1 in 10 UCAP Reserves  PDF
Item 4B - Matrix - Reliability Risks & Drivers - Key Work Activity #2  XLS
Item 5A - Reliability Metrics Education  PDF
Item 5B - Matrix - Procurement Metric & Level - Key Work Activity #3  XLS
Work Plan  PDF
Post Meeting - Matrix - Market Seller Offer Cap (MSOC) - Key Work Activity #9  XLS
 1.26.2022 - MRC
 1.13.2022 - OC
 1.10.2022 - RASTF
Agenda  PDF
Agenda  DOC
Minutes  PDF
Draft Minutes - RASTF - 12.17.2021  PDF
Item 2A - IMM Perspectives on MSOC  PDF
Item 2B - PJM Perspectives on MSOC  PDF
Item 2C - Matrix - Market Seller Offer Cap (MSOC) - Key Work Activity #9  XLS
Item 3 - Reliability Metrics Education  PDF
Item 4A - NERC 2021-22 Winter Reliability Assessment  PDF
Item 4B - Matrix - Reliability Risks and Drivers - Key Work Activity #2  XLS
Item 5A - Clean Procurement Perspectives - New Jersey Board of Public Utilities  PDF
Item 5B - Clean Procurement Perspectives - Enel  PDF
Item 5C - Clean Procurement Perspectives - McNees Wallace & Nurick on behalf of the PJM Industrial Customer Coalition  PDF
Item 5D - Clean Procurement Perspectives - LS Power  PDF
Item 5E - Clean Procurement Perspectives - Vistra  PDF
Item 5E - Clean Procurement Perspectives - Vistra - Supplemental Material  PDF
Item 5F - Clean Procurement Perspectives - Advanced Energy Economy  PDF
Item 5G - Clean Procurement Perspectives - Gabel Associates on behalf of YCSWA and Covanta  PDF
Item 5H - Matrix - Clean Procurement – Key Work Activity #1  XLS
Post Meeting - Matrix - Market Seller Offer Cap (MSOC) - Key Work Activity #9   XLS
 12.17.2021 - RASTF
 12.15.2021 - MRC
 12.3.2021 - RASTF
 11.29.2021 - RASTF
 11.10.2021 - RASTF
 11.4.2021 - OC
 10.22.2021 - RASTF
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