Fighting a PJM proposal to impose uplift costs on UTC trades, the Financial Marketers Coalition enlisted one of the intellectual pioneers of electricity markets in its defense.

Market Monitor David Patton went before the MISO Market Subcommittee  to begin building stakeholder support for his eight new recommendations.

The MISO Market Subcommittee discussed Coordinated Transaction Scheduling with PJM and a potential 30-minute reserve product.

A summary of issues discussed by the PJM Market Implementation Committee on Oct. 7, 2015.

PJM, MISO and ISO-NE would be forced to switch to 5-minute settlements under a draft rule announced Thursday.

PJM members debated four potential changes to the offer cap at a specially called meeting of the Markets and Reliability Committee, failing to agree on any one.

FERC Commissioner Tony Clark said that the commission has “a sense of urgency” to take action on price formation issues after initiating an inquiry into the subject more than a year ago.

PJM energy market prices were down almost 40% in the first half of 2015 compared with 2014, while capacity and transmission service charges rose.

PJM members agreed last week to consider relaxing confidentiality rules, despite reservations from several utilities.

PJM is proposing to relax confidentiality rules regarding uplift payments and generator outages, saying they are inhibiting stakeholder discussions.