PJM overcame the loss of nearly 40,000 MW of generation yesterday, keeping the lights on in the second day of an arctic blast that set a new winter demand record.

PJM operators dispatched demand response this morning after cutting voltages and calling on spinning reserves last night as frigid temperatures stressed generators and created record loads across the RTO.

PJM began offering new ways to download energy price data from the PJM website with the introduction of a “data miner” application.

No one spoke up when Market Monitor Joe Bowring opened the floor to stakeholders in the Monitor's annual Advisory Committee meeting Friday. But Bowring and his staff took the opportunity to renew their case for eliminating “sham” scheduling and changing PJM rules on opportunity costs.

Looming coal retirements will boost on-peak energy prices in eastern PJM by at least $3/MWh -- with a jump of as much as $11/MWh in the first five years  -- according to a newly-released study.

The cost of complying with upcoming ghg rules will depend on the role of energy efficiency and the choice of “blended” or fuel-specific emission standards, speakers told a high-profile forum in Washington.

Members approved a proposal giving PJM more flexibility in the way it dispatches demand response, clearing the way for a FERC filing.

The Market Implementation Committee will consider changes to PJM’s real-time pricing mechanism, which RTO officials say is depressing energy and reserve prices.

PJM proposed a change in its real-time pricing mechanism, saying the current methodology is depressing energy and reserve prices.

Facing continued skepticism from Wall Street, Exelon Corp. says it will begin shutting down unprofitable power plants if energy prices don't rebound within a year.