PJM’s markets provided reliable service in 2024, but tightening supply and demand are laying bare design flaws that have inhibited the competitiveness of the RTO’s markets, the Independent Market Monitor wrote in its 2024 State of the Market Report.

PJM said the grid maintained reliability through nearly a week of harsh winter conditions during the winter storm that blanketed much of the nation in mid-January.

The United States Court of Appeals for the District of Columbia Circuit sided with FERC, upholding its decision to suspend PJM's transmission penalty factor when it was driving up prices in Virginia.

The PJM Markets and Reliability Committee and Members Committee have a list of items to consider at their meetings Wednesday.

FERC granted PJM’s request to terminate the membership of Hill Energy Resource & Services following the company’s failure to pay invoices on time in 2022.

FERC approved a PJM proposal to allow it to reduce the TCPF under a set of circumstances that PJM argued becomes punitive to load without providing any benefit.

The PJM Markets and Reliability Committee endorsed an RTO-sponsored package to standardize variable operations and maintenance costs.

PJM CEO Manu Asthana said 40 GW in planned retirements and lagging construction of new generation is raising questions about long-term grid reliability.

FERC approved a temporary halt to PJM’s transmission constraint penalty factor rules in Virginia’s Northern Neck peninsula.

FERC approved PJM Tariff changes designed to be compliant with Order 844 by improving participants’ insight into transmission constraint penalty factors.