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
Nov 14, 2022
Generators faced skeptical questioning from D.C. Circuit judges in their bid to overturn PJM’s capacity offer cap rules.