Agenda
I. Recent and Historical Capacity Auctions
- PJM Annual/Base Capacity Prices
- PJM Base, Incremental, and Transition Auctions
II. Recent Changes in PJM Market Design
- Several VRR Curve Changes
- Capacity Performance
III. Market Fundamentals
- Capacity Offer Prices with Capacity Performance
- Downward-Drifting Load Forecasts
- The Evolving Role of Demand Response
- New Generation Entry
- Why are Prices So Far Below PJM's "Net CONE"?
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