Stakeholders began work last week on an initiative to create more accurate capacity market price curves and a recommendation by the Market Monitor to eliminate adders for FMUs.

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

PJM will require all steam generators to adjust their capacity ratings based on summer peak load conditions under manual changes outlined to the PC and MIC last week.

The Planning and Transmission Expansion Advisory committees will swap their meeting dates with the Market Implementation Committee in December.

The Market Implementation Committee last week endorsed the sunset of a task force created in 2012 to develop a process for limiting compensation when resourc...

Emergency demand response produced 85% to 97% of promised reductions during the July heat wave.

Capacity imports could clear at lower prices than internal resources under proposed import limits being considered by PJM.

The Operating Committee and Market Implementation Committee endorsed manual changes to Manuals 12 and 27. See article for details.

PJM members approved streamlining the demand response registration process.