On June 2, PJM announced the results of the first Base Residual Auction (BRA) in its capacity market held in more than three years. The results were, to say the least, interesting. Compared to the results of the 2018 BRA prices across PJM’s 13 state plus Washington DC footprint dropped by as much as 2/3.
A recent article in a major trade publication may have left some readers with the impression that Dominion Virginia Energy was leaving PJM, the regional market and grid operator whose footprint spans 13 states and Washington DC, over the region from the mid-Atlantic seaboard to as far west as Chicago. This is not the case.
When people ask me what I do, I usually tell them that I work for a “curtailment service provider” or “CSP.” Almost invariably, the next question is “what is a CSP?” Almost invariably, the next question is “what is a CSP?” What ensues is an effort on my part to describe what “demand response,” or “DR” is.