On November 25, 2020, NAEMA presented Capacity Market Reforms by Anthony Logan | Senior Analyst, Americas Power & Renewables & Daniel Muñoz-Álvarez | Senior Analyst, Americas Power & Renewables | Wood Mackenzie.
Their presentation addressed the impact of FERC’s controversial December 2019 revision of the Minimum Offer Price Rule and subsequent implementation process on the PJM capacity market. The discussion explored the MOPR’s interaction with capacity clearing prices, examined its impact on specific generating technologies, and considered the policy options that PJM states are currently weighing as they seek to retain decarbonization goals without excessive cost impacts.
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