Insight

Renewables vs. baseload? The implications of FERC's Minimum Offer Price Rule in PJM

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This insight considers the impact of FERC's controversial December 2019 MOPR ruling and the subsequent ongoing implementation process, including FERC's October 2020 follow-on order. The product of an extensive modeling effort, it includes an LDA-level capacity price forecast through 2035, an examination of the MOPR's interaction with capacity clearing prices, and a discussion of policy options that states in PJM may consider as they attempt to retain decarbonization goals without excessive cost impacts.

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    Renewables vs. baseload? The implications of FERC's Minimum Offer Price Rule in PJM_PR.pdf

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