Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.

The PJM Markets and Reliability Committee endorsed an RTO proposal to increase the maximum number of bids a single corporate entity can enter into FTR auctions.

PJM’s Board of Managers is opening an accelerated stakeholder process to address rising reliability concerns about the RTO’s capacity market.

PJM and its IMM gave first reads of their proposals exploring whether generators should be permitted to recover upgrade costs for some critical facilities.

ERCOT’s IMM continues to criticize Texas regulators’ preferred market redesign, saying what they have proposed is a “less effective and efficient."

PJM's Independent Market Monitor has proposed a plan to eliminate performance assessment intervals and related penalties from the RTO’s capacity market.

Months before MISO debuts a seasonal capacity auction, its IMM said he has uncovered a faulty assumption behind the seasonal capacity requirements.

MISO said it “largely agrees” with the five new market recommendations issued by its Independent Market Monitor this year.

The IMM offered limited support for major provisions in PJM’s quadrennial review filing before FERC while urging the agency seek revisions to some proposals.

PJM opened a poll to gauge support for dueling proposals to revise the rules for load behind-the-meter of a co-located generator.