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May 21, 2024
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PJM Requests Rehearing of MSOC Change
PJM's Independent Market Monitor contends ratepayers were overcharged by $2.7 billion (41.5%) in the 2018 Base Residual Auction because of economic withholding encouraged by an inflated market seller offer cap.
PJM's Independent Market Monitor contends ratepayers were overcharged by $2.7 billion (41.5%) in the 2018 Base Residual Auction because of economic withholding encouraged by an inflated market seller offer cap. | PJM
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PJM requested a rehearing and clarification of FERC’s order to replace its market seller offer cap, arguing that the new construct would prove burdensome.
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