Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.

PJM’s Board of Managers is opening an accelerated stakeholder process to address rising reliability concerns about the RTO’s capacity market.

PJM and its IMM gave first reads of their proposals exploring whether generators should be permitted to recover upgrade costs for some critical facilities.

PJM's Independent Market Monitor has proposed a plan to eliminate performance assessment intervals and related penalties from the RTO’s capacity market.

A new study found that interconnection costs have been steadily rising for decades in the PJM region and are disproportionately high for renewable resources.

PJM backtracked on posting “indicative” results of the 2024/25 capacity auction in the face of stakeholder opposition.

PJM said it will ask FERC to modify the rules of its 2024/25 capacity auction to avoid artificially high prices in one region of the RTO.

A new study projects that the Inflation Reduction Act will reduce PJM’s carbon emissions while delivering more affordable power.

The IMM offered limited support for major provisions in PJM’s quadrennial review filing before FERC while urging the agency seek revisions to some proposals.

PJM Independent Market Monitor Joe Bowring criticized inquiries into the budget of his firm, Monitoring Analytics, and the scope of its contract with the RTO.