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I. Issue Summary On March 23, 2021, the Federal Energy Regulatory Commission (Commission or FERC) convened a technical conference on the role of the capacity market construct in the PJM Interconnection (PJM), ISO New England and the New York Independent System Operator.[1] [1] The discussion covered the implications of retaining the expanded minimum offer price rule (MOPR) in the PJM capacity market, in addition to prospective alternatives to replace PJM’s Expanded MOPR. On April 5, 2021, the Commission issued a notice inviting post-technical conference comments to specific questions regarding the PJM capacity market and implications and alternatives to the Expanded MOPR in PJM.[2] [2] II. Summary of R Street Position

United statesNew yorkNew jerseyNicolas lorisJason stanekDan boschCatherine morehouseDevin hartmanEnergy regulatory commissionHeritage foundationAmerican action forumReliability initiativeEnergy economyMaryland public service commissionAgency rules would further distortR street institute