FERC Approves PJM Energy Offer Cap Increase For 2014/2015 Winter
On January 16, 2015, FERC approved PJM Interconnection LLC’s (“PJM”) request to raise its cap on cost-based energy offers from $1,000/MWh to $1,800/MWh for the winter season. According to PJM, the increase is designed to ensure that generators can recover all their costs in the event of severe cold during the 2014/2015 winter. PJM’s requested increase was based on last winter’s highest cost-based offer of $1,725/MWh.
