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PJM Interconnection has announced the results of its annual reliability pricing model (RPM) auction, noting a record amount of new generation, record imports of capacity from the Midcontinent ISO (MISO) and other areas, and more demand response and energy efficiency procurements.

The RPM establishes contracts with suppliers that commit to make their facilities available to provide electricity for the PJM system for a year, and prices are established through competitive bidding. PJM's auction also includes demand response and energy efficiency providers.

This latest RPM auction - which aims to ensure there is enough electricity in the PJM territory from June 1, 2016, to May 31, 2017 - procured 5,463 MW of new generation, an amount that broke last year's record amount of 5,346 MW.

Imports of capacity from outside of PJM nearly doubled from last year's auction to 7,483 MW this year; capacity imported from the MISO region more than doubled to 4,723 MW from 2,078 MW last year.

The PJM capacity auction also procured 1,117 MW of energy efficiency - about 21% more than last year - and 12,408 MW of demand response.

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