Some generators may have taken advantage of January’s weather to boost their prices, the Market Monitor said in its quarterly State of the Market report Friday.

PJM said last week it agrees with about one-quarter of the recommendations in the Independent Market Monitor’s 2013 State of the Market report.

Acting on the eve of PJM’s base capacity auction, the FERC Friday approved most of PJM’s new dispatch rules for demand response but rejected a plan to curb speculation in the auction, saying it created undue barriers to entry.

PJM yesterday opened the 2017/2018 Capacity Auction amid modest hopes among generators that the RTO’s rule changes will cause a rebound in prices.

Exelon said its acquisition of Pepco is “the right deal the right time” for its investors. But some analysts aren’t convinced.

In a win for PJM generation owners, FERC approved a rule change that will reduce capacity imports and likely increase clearing prices.

Adopting the Market Monitor’s proposed changes to capacity market rules could almost triple auction revenues, the Monitor said last week.

PJM rules are making it difficult for banks to purchase the capacity revenue from providers' streams, Citigroup Energy told the MRC last week.

PJM will ask stakeholders to consider changing the historical allocation of Auction Revenue Rights.

FERC approved PJM’s plan for selecting transmission projects that can easily and cheaply resolve constraints in Locational Delivery Areas (LDAs).