Unsound rules for calculating default market seller offer caps and other persistent structural flaws made PJM’s capacity market uncompetitive in 2018, the RTO’s Monitor said.

Merchant generators’ Hail Mary pass for a U.S. Supreme Court review of Illinois and New York nuclear subsidies has won support from PJM’s Independent Market Monitor and others.

PJM’s Independent Market Monitor asked FERC to order changes to the RTO’s Capacity Performance assumptions, saying the current rules allow sellers to exercise market power.

PJM members will have two new avenues for feedback on the RTO’s Independent Market Monitor starting in January, the Board of Managers announced.

The PJM Monitor remains unconvinced that performance metrics during localized load sheds should be used to calculate capacity market default offer caps.

The MRC voted on four packages of revisions as part of PJM’s quadrennial review of the VRR curve, but none of the proposals received majority support.

The PJM Independent Market Monitor has declined to budge from its position that the RTO allow market participants to use its opportunity cost calculator.

PJM and Monitoring Analytics have agreed on a deal that will extend the Monitor’s contract through 2025.

PJM outlined its requirements for accepting the Independent Market Monitor's opportunity cost calculator, a bid to end a dispute that has upset generators.

Bob O’Connell of Panda Power Funds introduced a proposal that would require PJM to accept opportunity cost adders calculated by the IMM.