PJM responded to its Market Monitor’s latest recommendations, noting that many of the issues are in the scope of current stakeholder discussions.

Energy prices in PJM increased by 75.5% in the first quarter of 2022 from a year ago, the Market Monitor reported, driven primarily by higher fuel costs.

The results of PJM’s 2022/23 Base Residual Auction were not competitive, according to a report released last week by the RTO’s Independent Market Monitor.

FERC issued a show-cause order to PJM, saying that the RTO’s tariff appeared to allow generators to exercise market power

FERC accepted PJM’s compliance filing on its rules for fast-start resources, allowing tariff changes to take effect by July.

PJM ratepayers will likely see capacity prices drop as a result of Dominion’s decision to exit the market, according to a report by the RTO’s Monitor.

PJM must consider generator operating lives of more than 20 years under the unit-specific review process, FERC ruled just before the RTO's capacity auction.

PJM defended its handling of Dominion Energy’s decision to opt out of the May 19 capacity auction, asking FERC to reject a complaint by LS Power.

PJM has proposed shifting the burden of determining what resources are subject to the MOPR away from the RTO and the Monitor to FERC itself.

PJM’s Monitor sounded alarms about market power in the energy and capacity markets and said it may intervene in the RTO’s next capacity auction.