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July 23, 2024
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Judges Skeptical of Capacity Sellers in PJM Offer Cap Dispute
PJM's Independent Market Monitor said 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 said 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
Generators faced skeptical questioning from D.C. Circuit judges in their bid to overturn PJM’s capacity offer cap rules.
Capacity MarketFERC & FederalPJMPublic Policy