PJM and its Independent Market Monitor remain at odds over whether price-based offer updates should be connected to cost-based offers.

PJM presented the Market Implementation Committee with revisions to the RTO’s proposal for handling intraday hourly offers in the energy market.

PJM’s Independent Market Monitor said that 22 of the 479 power supplier fuel-cost policies it evaluated failed to meet its standards for being systematic.

While PJM and its Independent Market Monitor agree that its markets “work” and are competitive, they disagree on what might make them better.

In the afternoon of day one of FERC's major technical conference focused on PJM, with CEO Andy Ott, IMM Joe Bowring and state regulators testifying.

The PJM Market Monitor gave his 2016 State of the Market Report, calling state subsidies for power plants a "threat" to wholesale electric markets.

FERC has approved PJM’s proposal for selling back excess capacity in this February’s third Incremental Auction for the 2017/18 delivery year.

After its first full year under new CEO Andy Ott, and the last year of its transition to 100% Capacity Performance, PJM heads into 2017.

PJM walked the Market Implementation Committee through planned Operating Agreement and Tariff revisions to satisfy elements of FERC Order 825.

The PJM Market Monitor reported that capacity and regulation market results were “generally competitive” in the first 9 months of 2016, but remain vulnerable to stress.