The authors of four competing proposals to change the $1,000/MWh energy market offer cap have agreed to put forward one plan for consideration by the PJM MRC.

One issue raised at last week’s PJM Market Summit concerned the 8% after-tax weighted average cost of capital (ATWACC) the PJM Board of Managers submitted.

FERC was within its rights to approve PJM’s controversial capacity market MOPR rule changes in 2011, a federal appeals court ruled.

PJM members may consider changing the rules of the PJM capacity market to eliminate arbitrage opportunities between the Base Residual and Incremental auction...