PJM is seeking to reach a consensus with neighboring RTOs on a long-term increase in the $1,000 energy offer cap.

PJM will seek FERC approval for a controversial proposal to raise the cost-based energy offer cap to $1,800/MWh through March 2015.

PJM stakeholders deadlocked for the third time Thursday on changes to the $1,000/MWh energy offer cap, leaving it to the Board of Managers to decide whether to seek FERC approval of any changes.

A PJM task force has recommended lifting the $1,000 cost-based energy offer cap, but the margin suggests the proposal may have a tough time winning approval.

Stakeholders representing load may oppose efforts to change PJM’s $1,000 per MWh offer cap, despite a frigid winter in which high gas prices forced the RTO to obtain temporary waivers from the limit.