WASHINGTON, D.C. – The Federal Energy Regulatory Commission (FERC) today issued a notice confirming that the proposal from wholesale power market operator PJM Interconnection to eliminate the broad, renewable energy-suppressing Minimum Offer Price Rule (MOPR) in the PJM capacity market will take effect. Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE), on the decision:
“Today is a great day for millions of ratepayers in PJM, America’s largest electricity market, who will be saved from paying more money than they should for clean power. The MOPR, as previously designed, was a poorly disguised effort to undermine the success that low-cost renewables have enjoyed in competitive electricity markets nationwide by financially bolstering uneconomic fossil fuel generators. We commend PJM for working to reverse a destructive policy that distorted the market and directly conflicted with state efforts to accelerate the transition to pollution-free renewable power.”
ACORE has challenged this proceeding since the broad MOPR was first considered at FERC through comments, a request for a rehearing, followed by a petition at the United States Court of Appeals for the D.C. Circuit. Today’s decision represents the culmination of those efforts.
ACORE Comments on PJM Capacity Market Design (October 2018)
ACORE Statement on FERC’s Original MOPR Order (December 2019)
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.
Blake McCarren, Communications Manager, ACORE
email@example.com | 301.661.7375 (c)
Alex Hobson, Vice President of Communications, ACORE
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