Monitoring Analytics
PJM and its Independent Market Monitor (IMM) debated the RTO's plan to implement a fuel-cost policy review process in a special three-hour MIC meeting.
PJM’s Market Monitor made new recommendations for the energy, capacity and ancillary services markets in its 2nd quarter State of the Market Report.
A summary of FERC orders related to PJM issued at the commission's open meeting on June 16, 2016.
Joe Bowring and David Patton often disagree, but they are 100% in agreement on the need for independence in market monitoring.
The record shows that until the last 18 months, the SPP Market Monitoring Unit generally filed only testimony packaged with RTO filings.
SPP has interfered with the autonomy of its internal MMU, according to two former monitors who say they were fired for voicing their concerns.
The independence concerns raised by former SPP market monitors resulted in part from FERC’s compromises in Order 719.
The Monitor reported that the PJM energy, capacity, regulation, synchronized reserve and FTR markets were all competitive in the 2015 State of the Market.
PJM and the Independent Market Monitor asked FERC to revise Capacity Performance rules to address concerns that generators might ignore dispatch instructions to avoid penalties.
The report concluded that PJM's energy, capacity and regulation markets were competitive for the first nine months of the year.
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