The Market Implementation Committee endorsed a joint PJM and Independent Market Monitor proposal to rework how uplift and deviation charges are calculated for market sellers.

The PJM Market Implementation Committee endorsed by acclamation an RTO-sponsored issue charge to consider changes to how resources committed in advance of the day-ahead market are offer capped.

PJM and its Monitor presented a joint proposal to rework the balancing operating reserve  credit structure to address a scenario they say results in generators receiving uplift payments despite not following dispatch orders.

PJM’s Operating Committee reviewed tightened metering requirements and approved sunsetting the Systems Information Committee, reassigning its responsibilities to the Data Management Subcommittee and the new Tech Change Forum.

FERC denied Champion Energy Marketing’s request for a $3.1 million refund in PJM uplift charges related to the polar vortex of January 2014.

PJM will forego $10.2 million in BOR charges resulting from DC Energy and Scylla transactions characterized as IBTs under a settlement approved by FERC.

The PJM MIC approved several changes recommended by subcommittees regarding data submission deadlines and credit requirements.

The PJM Markets and Reliability Committee last week heard first reading on proposed deadline changes recommended by the Market Settlement Subcommittee.

PJM's market monitor released data showing that up-to congestion (UTC) transactions are increasing shortfalls in Financial Transmission Rights (ftr) funding.