Most panelists urged FERC to support state and RTO efforts to introduce carbon pricing during a daylong technical conference.

The New Jersey BPU held a technical conference to consider whether it should remain in PJM’s capacity market or go on its own through the FRR alternative.

PJM and its Monitor shared with stakeholders their proposals for responding to FERC’s directive that state default service auctions be subject to the MOPR.

PJM’s Monitor defended a conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the capacity market and adopt the FRR option.

PJM backed off plans to seek a vote on short-term changes to its 5-minute dispatch and pricing procedures after pushback from the Monitor and stakeholders.

The average load-weighted, real-time LMP in PJM was $27.32/MWh last year, a 28.6% decrease from 2018 and the lowest in the RTO’s 21-year history.

Exelon said a report from PJM's Monitor uses assumptions to cast a negative light on the FRR alternative members may pursue in the face of an expanded MOPR.

PJM has backed off its suggestions that FERC revisit Order 719 and the relationship between RTOs and their Market Monitors.

A battle over the future of the financial transmission rights market looms for PJM as stakeholders dig into the causes behind the GreenHat Energy default.

Independent Market Monitor Joe Bowring said PJM’s proposed revisions to how it prices reserves necessitates changes in the capacity market.