Average load-weighted electricity prices in PJM fell by around half in 2023, the Independent Market Monitor said in its annual State of the Market Report.

FERC approved Vistra's purchase of Energy Harbor, which will allow Vistra to set up a new clean generation/retail firm while spinning off the combined firms' fossil plants into a separate subsidiary.

FERC issued an order extending the time it has to review the proposed purchase of Energy Harbor by Vistra to next spring after several parties raised market concerns over the deal between two existing PJM generation owners.

Market Monitors Joe Bowring and David Patton have doubts about the wisdom of large-scale transmission expansions, warning they may crowd out market solutions.

Voltus withdrew a demand response resource issue charge, while AEP and Dominion proposed a  capacity obligation issue charge.

Vistra Energy's deal to buy Energy Harbor ran into opposition at FERC, where parties argued it would harm Ohio's retail market and further concentrate PJM's wholesale market.

PJM stakeholders provided feedback to the Board of Managers on a potential review of the IMM contract during the Markets and Reliability Committee meeting.

The PJM Markets and Reliability Committee on Wednesday endorsed a new renewable dispatch structure proposed by the RTO and the Independent Market Monitor.

PJM's IMM filed a complaint to FERC alleging that the RTO is in violation of its tariff by not permitting the Monitor to attend Liaison Committee meetings.

Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.