PJM’s markets were competitive in the first nine months of the year, the Independent Market Monitor found in its quarterly State of the Market Report.

The PJM Independent Market Monitor and other critics say the alternative the RTO proposed to the DOE NOPR would also be expensive and undermine the markets.

The PJM Market Monitor estimated the DOE NOPR would cost ratepayers $32 billion/year if nuclear and coal units were all paid their full replacement value.

Consumer representatives and the Independent Market Monitor expressed concern at the MRC over PJM’s plans for vetting energy offers exceeding $1,000/MWh.

PJM stakeholders pressed the RTO to find common ground regarding several changes to Manual 11 in preparation for implementing intraday offers.

The PJM Capacity Construct Public Policy Senior Task Force has been working hard to develop rule changes in time for next year’s capacity auction.

In response to a request for comments on paths to reconciling policies and wholesale markets, PJM officials told FERC they are pursuing three initiatives.

Nearly a century since its formation, PJM assured its members at its Annual Meeting last week that the future is as bright as it’s ever been.

Joe Bowring said in a briefing on the State of the Market Report that that the PJM market is healthy, despite what some believe are low energy prices.

The PJM Market Monitor gave his 2016 State of the Market Report, calling state subsidies for power plants a "threat" to wholesale electric markets.