Miles Farmer and Amanda Levin of the Natural Resources Defense Council respond to Steve Huntoon's criticism of their evaluation of the PJM capacity market.

The Independent Market Monitor fired back at PJM’s request that FERC dismiss its complaint about the RTO’s default market seller offer cap.

PJM will move forward with its August capacity auction under current market rules, unless FERC says otherwise, CEO Andy Ott told stakeholders.

Stakeholders are urging PJM’s Board of Managers to reschedule the upcoming capacity auction given the growing pile of FERC rulings not yet decided.

PJM offered stakeholders four options for navigating its upcoming capacity auction, noting that each comes with risks and uncertainties.

PJM urged FERC to expedite guidance on the RTO’s upcoming Base Residual Auction as stakeholders prepare for deadlines on two different sets of rules.

Capacity market sellers expressed anxiety over PJM’s “parallel path” for its upcoming Base Residual Auction, urging staff to consider delaying the auction until FERC clarifies the minimum offer price rule.

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.

In many ways, PJM's 2018 was much like years before, with capacity and energy market rules under constant redesign. Some stakeholders have grown weary of the churn.

PJM’s market design and Exelon’s control of local generation allow the company to name its price for capacity commitments in the Chicago area.