PJM staff unveiled their proposal on price formation at last week’s Markets and Reliability Committee meeting.

A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability and Members committees on Dec. 7, 2017.

PJM released a proposal for revising price formation rules in its energy markets, which staff estimate could increase market costs by as much as $1.4 B.

The CEOs of Exelon, PSEG and Dominion praised proposed price supports for nuclear and coal generators during their third-quarter earnings calls.

The PJM Independent Market Monitor and other critics say the alternative the RTO proposed to the DOE NOPR would also be expensive and undermine the markets.

PJM agrees there is an issue with maintaining reliability, but not the one suggested by the DOE's recent call for price supports for coal and nuclear.

The Gulf Coast Power Association’s 32nd Annual Fall Conference attracted several hundred attendees to the Texas state capital.

Glen Thomas, president of PJM Power Providers Group, argues that a re-examination of RTOs' wholesale energy markets is long overdue.

The nuclear industry hopes the grid study released by the Energy Department will accelerate RTO price formation efforts valuing baseload generation.

The U.S. Energy Department’s study acknowledges its limited authority over wholesale markets, leaving it to FERC and RTOs to act on its recommendations.