WTF is ELCC with the man who predicted the PJM capacity price spikes, Nic Freschi
DER Task Force
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Dynamics of the PJM Capacity Market
This chapter examines the complexities of the PJM capacity market, highlighting a threefold increase in capacity payments driven by various market factors. The discussion includes the impacts of reduced capacity, load forecasts, and renewable energy supplier behavior on pricing dynamics. Additionally, it addresses the philosophical and operational considerations surrounding Effective Load Carrying Capability, reliability, and the implications for future capacity planning in the context of market trends.
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