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...

Markets and Reliability Committee Black Start Packages Rejected PJM is back to the drawing board as two different solution packages aimed at addressing the disputed black start unit issue were rejected by stakeholders at last week’s Markets and Reliability Committee meeting. The RTO’s option 1 package, which emerged as the...

FERC Chair Neil Chatterjee said the commission’s technical conference on carbon pricing Wednesday would not be an academic exercise. FERC Chair Neil Chatterjee | FERC Although the commission "is not an environmental regulator," he said, "our complex energy markets cannot be hermetically sealed from state environmental policies. … And it’s...

PJM and its Independent Market Monitor on Wednesday shared with stakeholders their proposals for responding to FERC’s April 16 directive that state default service auctions be considered state subsidies and subject to the minimum offer price rule (MOPR). The straw proposals are attempting to address Paragraph 386 of FERC’s rehearing order, which...

PJM’s Independent Market Monitor on Tuesday defended its conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the RTO’s capacity market and adopt the fixed resource requirement (FRR) option. PJM IMM Joe Bowring | © RTO Insider Regulators in Illinois, New Jersey and Maryland have said...

By Rich Heidorn Jr. PJM backed off plans to seek a vote next month on short-term changes to its five-minute dispatch and pricing procedures after pushback from the Independent Market Monitor and stakeholders. PJM’s Tim Horger told the Market Implementation Committee on Wednesday that the RTO was prepared to make...

By Michael Yoder and Michael Brooks The average load-weighted, real-time LMP in PJM was $27.32/MWh last year, a 28.6% decrease from 2018 and the lowest in the RTO’s 21-year history, the Independent Market Monitor said Thursday. According to the Monitor’s annual State of the Market report, energy prices made up...