Average load-weighted electricity prices in PJM fell by around half in 2023, the Independent Market Monitor said in its annual State of the Market Report.

FERC deferred making a decision on PJM’s proposal in response to a 2021 order directing the RTO to show cause as to why its rules regarding parameter-limited offers are just and reasonable.

Market monitors from all six FERC-jurisdictional ISO/RTOs endorsed calls for a NERC-like gas reliability organization.

PJM's Markets and Reliability Committee deferred voting on an issue charge to create a new senior task force focused on compensation for reliability-must-run contracts and the timing of deactivation notices.

The OC endorsed a joint proposal for PJM, transmission owners and market participants to increase information sharing ahead of extended transmission outages.

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

The RTO has doubled its synchronized reserve requirement to account for diminished performance since the implementation of the reserve market overhaul.

PJM's CEO said challenges lie ahead for stakeholders as they wrestle with a possible overhaul to the capacity market to address resource adequacy concerns.

Stakeholders continued to refine proposals to overhaul PJM’s capacity market through the second phase of the RTO’s critical issue fast path process.

Price-responsive demand has long been supported by economists, but despite the significant investment in advanced meters, it has yet to take off.