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.

The PJM Market Implementation Committee endorsed a proposal to revise the base formula rate for compensating black start resources.

Board members have directed MISO to seek guidance on the role of the Independent Market Monitor in transmission planning following a year of IMM David Patton criticizing MISO’s nearly $22-billion long-range transmission portfolio.

The Members Committee was sharply divided on an agreement in principle between PJM and Pennsylvania Gov. Josh Shapiro to institute a cap and floor on capacity prices for the 2026/27 Base Residual Auction and the following auction.

MISO’s Independent Market Monitor said ramping needs north of 10 GW are becoming increasingly common and MISO should expect challenges ahead as its solar fleet expands.

MISO revealed it will crack down on demand response testing requirements ahead of its spring capacity auction, while some stakeholders argued the stepped-up measures amount to a change that requires FERC approval.

PJM’s Andrew Gledhill presented a proposal to the Planning Committee to revise the installed reserve margin and forecast pool requirement for the third 2025/26 Incremental Auction.

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.

FERC ordered Ketchup Caddy and its owner to pay $27 million in penalties for dishonestly offering demand response services in MISO’s capacity market from 2019 to 2021.