Pennsylvania -based PJM Interconnection has asked the Federal Energy Regulatory Commission ( the Federal Energy Regulatory Commission ) for permission to delay its proposed capacity market auction in March . The move comes as the Federal Energy Regulatory Commission secured an extension for time to submit new market rules, set to be submitted after FERC rejected PJM 's proposed reforms of a price floor and a two -part capacity auction in March . PJM said a delay to the capacity auction would give the company, stakeholders and the Commission "more time to develop and establish the replacement rules".
Pennsylvania-based PJM Interconnection has asked the Federal Energy Regulatory Commission (FERC) for permission to delay its proposed capacity market auction in May 2019. The move comes as PJM secured an extension for time to submit new market rules, set to be submitted after FERC rejected PJM's proposed reforms of a price floor and a two-part capacity auction in March. PJM said a delay to the capacity auction would give the company, stakeholders and the Commission "more time to develop and establish the replacement rules".