The PJM MRC heard first read Thursday on proposed rule changes to day-ahead resource commitment and scheduling reserve requirements.

PJM has dropped a proposal to create a new real-time reserve market, bowing to stakeholder concerns over the cost and complexity.

The Market Implementation Committee will consider changes to PJM’s real-time pricing mechanism, which RTO officials say is depressing energy and reserve prices.

PJM proposed a change in its real-time pricing mechanism, saying the current methodology is depressing energy and reserve prices.