Assessing Energy Efficiency in PJM’s RPM Market

Synapse conducted on behalf of the EPA an analysis of the participation of energy efficiency (EE) in the PJM Reliability Pricing Model (RPM) capacity market. For this project, Synapse provided a summary of the amount of EE that has participated in previous RPM Base Residual Auctions and estimated revenues received by EE providers from the RPM auctions; identified utility participants and the amount of EE bid into the RPM by each participant; and identified potential areas of further research that could provide greater insight into the potential for EE to impact PJM’s capacity prices, electricity resources, and other factors.