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The results of PJM’s 2022/23 Base Residual Auction were not competitive, according to a report released last week by the RTO’s Independent Market Monitor.
FERC ruled that PJM is within its rights to refuse lost opportunity cost payments to generators that must rein in output to avoid damage to themselves.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Feb. 24, 2022.