February 24, 2025

Joe Bowring

Revised Capacity Performance Plan Wins Bowring’s Support
PJM’s Oct. 7 revisions to its Capacity Performance proposal appear to have won over Independent Market Monitor Joe Bowring.
Life without Demand Response: Higher Prices but No Reliability Crisis, Says Monitor
PJM capacity prices would increase sharply but reliability would not be threatened if a recent federal court ruling eliminated demand response from wholesale markets, the Market Monitor said.
UPDATED: Load Balks at Supply Curve Fix in Response to Auction Strategies
Load representatives concerned by reports of generators’ bidding strategies in May’s PJM capacity auction reacted by threatening to block an initiative by Exelon Corp. to provide more informative supply curves.
PJM-IMM Plan on FMUs Faces Generator Opposition
PJM and the IMM have reached agreement on a way to reduce the number of Frequently Mitigated Units eligible for “adders” but their proposal faces heavy opposition from generation owners.
UPDATE — State of the Market: PJM Passes, with Provisos
In its State of the Market report for 2013, the Market Monitor listed several high-priority tasks for the coming year.
FERC Questions May Delay New DR Rules
PJM’s plan to implement new demand response rules in time for the May capacity auction are in doubt following a FERC order requiring the RTO to provide more information to support its proposal.
‘Free’ Ride Over for UTCs? – Update
Financial marketers are pleased with PJM’s proposal to change the way uplift charges are assessed on virtual trades but aren’t convinced by a PJM analysis that the RTO says justifies extending the charges to up-to congestion trades (UTCs).
“Free” Ride Over for UTCs?
PJM wants to change the way virtual trades pay for uplift, replacing the current unpredictable charges with a flat per megawatt fee and assessing them for the first time on up-to congestion trades (UTCs).
PJM Won’t Name Uplift Recipients
PJM's Market Monitor would like to tell stakeholders the identifies of the handful of generators that received $350 million in uplift charges last year. But PJM officials said they are prevented from disclosing the names.
Arbitrage Fix Returned to Committee
Lacking consensus, PJM dropped plans for a vote on measures to prevent speculation in the capacity auctions, returning the issue to a lower committee.

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