The MRC failed to reach consensus on reducing compensation for Tier 1 synchronized reserves, with proposals by PJM and the Market Monitor both falling short.

PJM Market Monitor Joe Bowring said that the RTO must include strong market-power protections in rules allowing generators to change their offers hourly.

The authors of four competing proposals to change the $1,000/MWh energy market offer cap have agreed to put forward one plan for consideration by the PJM MRC.

A federal appeals court Friday threw out the 2013 EPA rule exempting diesel generators providing demand response from air emissions limits.

In its State of the Market report for 2013, the Market Monitor listed several high-priority tasks for the coming year.

Financial marketers are pleased with PJM’s proposal to change the way uplift charges are assessed on virtual trades but aren’t convinced by a PJM analysis that the RTO says justifies extending the charges to up-to congestion trades (UTCs).

PJM wants to change the way virtual trades pay for uplift, replacing the current unpredictable charges with a flat per megawatt fee and assessing them for the first time on up-to congestion trades (UTCs).

Operators of gas-fired generators could include the costs of ensuring fuel supplies in their energy market offers under changes being considered by PJM.

State regulators and the PJM Board of Managers publicly buried the hatchet over the RTO's contract with Monitoring Analytics. But some tensions remain.

PJM announced that the Board of Managers approved a new contract with Monitoring Analytics, PJM’s independent market monitor. The contract runs through 2019.