The PJM Markets and Reliability Committee voted overwhelmingly Thursday to raise the energy market offer cap to $2,000/MWh in a move that outgoing CEO Terry Boston called “the stakeholder process at its best.”

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.

Efforts by RTOs to increase their offer caps are overly reactionary to one winter season experience and do not indicate that a change in policy is warranted at this time, says Con Ed.

Our summary of the issues scheduled for votes at the PJM MRC and MC on 10/01/15. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.

MISO is forecasting a 35% planning reserve margin for the winter and has implemented several changes to improve coordination with pipeline operators and ensure fuel deliveries to its fleet.

PJM, MISO and ISO-NE would be forced to switch to 5-minute settlements under a draft rule announced Thursday.

PJM members debated four potential changes to the offer cap at a specially called meeting of the Markets and Reliability Committee, failing to agree on any one.

PJM stakeholders will continue to debate changing the $1,000/MWh energy offer cap at a special four-hour Markets and Reliability Committee meeting called for Sept. 9.

PJM stakeholders last week launched another bid to change the $1,000/MWh energy offer cap.

PJM made it through the winter without having to invoke a temporary cost-based energy offer cap of $1,800/MWh, the Independent Market Monitor reported.