PJM stakeholders failed again to reach agreement on energy price formation rules, as a last-ditch effort at compromise fell short in a sector-weighted vote.

Top utility executives urged PJM’s Board of Managers to act on price formation at its Feb. 12 meeting after stakeholders deadlocked on the issue last week.

PJM CEO Andy Ott responded to concerns about the Board of Managers’ recent ultimatum around price formation, and stakeholders offered additional ones.

PJM staff moved briskly through a dense agenda of the Energy Price Formation Senior Task Force in hopes of wrapping up the initiative by a Jan. 31 deadline.

PJM’s Board of Managers signaled it is done waiting for stakeholders to make progress on a nearly yearlong initiative to improve energy price formation.

Months past the deadline requested by PJM’s Board of Managers, details of potential changes to the RTO’s energy market remain anyone’s guess.

PJM staff are pushing skeptical stakeholders to vote on a proposal to revise energy price formation at the next Energy Price Formation Task Force meeting.

ERCOT’s Board unanimously approved staff’s determination that no market changes are needed to address price formation issues as a result of DC tie flows.

The PJM initiative to revise how its energy market is constructed continued down the rabbit hole with a discussion about the timing of procuring reserves.

PJM rolled out a proposal to procure reserves on a more granular level, a move the RTO hopes will shift more generator revenues back into the energy market.