For the HOUSTON zone in ERCOT, the 12-Month ATC strip decreased -$1.04 (-3.3%) to $30.53. The 24-Month ATC strip decreased -$0.60 (-1.8%) to $32.90 and the Cal ’20 ATC strip decreased -$0.83 (-2.3%) to $34.88.
FERC handed down an order to delay further PJM’s Base Residual Auction for its RPM capacity market for the 2022-2023 delivery year. FERC had already ordered PJM to delay its auction to August 2019 due to its view that the PJM capacity market tariff was inadequate, specifically how to reconcile load that is exempt from the RPM auction due to resource owners electing the Fixed Resource Requirement (FRR) Alternative.
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