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The IMM offered limited support for major provisions in PJM’s quadrennial review filing before FERC while urging the agency seek revisions to some proposals.
PJM Independent Market Monitor Joe Bowring criticized inquiries into the budget of his firm, Monitoring Analytics, and the scope of its contract with the RTO.
PJM energy prices last year surged to their highest levels since 2014, more than making up for declines from the pandemic-driven economic downturn in 2020.
The early impacts of PJM's first capacity auction in three years began to emerge Thursday as Exelon reiterated plans to retire two of its nuclear plants.
PJM and its Independent Market Monitor must consider generator operating lives of more than 20 years under the unit-specific review process, FERC said Friday, partially granting a complaint by the developer of a combined cycle plant under construction in Illinois (EL21-62). The ruling came less than a week before PJM’s...
PJM’s Independent Market Monitor sounded alarms about market power in the energy and capacity markets Thursday and said it may intervene in the RTO’s next Base Residual Auction in May. Joe Bowring, president of IMM Monitoring Analytics, made his comments in releasing the 2020 State of the Market report. Bowring...