The Monitor reported that the PJM energy, capacity, regulation, synchronized reserve and FTR markets were all competitive in the 2015 State of the Market.

Coaltrain Energy said that it didn’t manipulate the market, that its trading strategy wasn’t deceptive and that it didn’t engage in wash trades.

All of the speakers at a FERC technical conference agreed that PJM's allocation method for FTRs and ARRs could be improved.

FERC's proposed rule would require RTOs and ISOs to register market participants through common alpha-numeric identifiers.

A summary of measures approved by the PJM Members Committee on Nov. 19, 2015.

The report concluded that PJM's energy, capacity and regulation markets were competitive for the first nine months of the year.

PJM Market Monitor Joe Bowring said that the RTO must include strong market-power protections in rules allowing generators to change their offers hourly.

PJM and the Monitor are considering the changes to reduce uplift and gaming opportunities and allow quicker solving of the day-ahead energy market.

PJM Market Monitor Joe Bowring had a lively debate with one of the consultants for Powhatan Energy over the “duty” of market participants to self-police against market manipulation.

Calpine won PJM stakeholder approval for an initiative that could give generators more flexibility in pricing following an unusually lengthy debate before the Markets and Reliability Committee Thursday.