The RTO has doubled its synchronized reserve requirement to account for diminished performance since the implementation of the reserve market overhaul.

PJM's CEO said challenges lie ahead for stakeholders as they wrestle with a possible overhaul to the capacity market to address resource adequacy concerns.

Stakeholders continued to refine proposals to overhaul PJM’s capacity market through the second phase of the RTO’s critical issue fast path process.

Price-responsive demand has long been supported by economists, but despite the significant investment in advanced meters, it has yet to take off.

The PJM Market Implementation Committee overwhelmingly voted to endorse manual revisions to put limits on when generators can submit real-time values.

PJM presented a preliminary proposal to overhaul its capacity market to the Resource Adequacy Senior Task Force.

PJM stakeholders appeared split over proposals to delay the RTO’s capacity auctions to include market rule changes being considered by the Board of Managers.

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.

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.