Bob O’Connell of Panda Power Funds introduced a proposal that would require PJM to accept opportunity cost adders calculated by the IMM.

In his quarterly state of the market report, the PJM IMM said the results of the 2018 Base Residual Auction show the need to change its capacity offer cap.

PJM stakeholders at the MRC and MC unanimously endorsed proposed revisions for seasonal aggregation.

Market monitors from the Eastern Interconnection and ERCOT debated their roles in the RTOs they oversee and the need for effective monitoring programs.

PJM stakeholders at the Markets and Reliability Committee meeting endorsed the second phase of an initiative with MISO to address overlapping congestion.

While structural issues persist, PJM's markets were competitive in 2017, the RTO's Market Monitor said Thursday contradicting concerns from PJM and some stakeholders that prices are unsustainably low.

Stakeholders denied four proposals to revise PJM’s rules on evaluating designated market paths for energy sales coming into the RTO.

Stakeholders at the Markets and Reliability Committee meeting declined to endorse any proposals to revise PJM’s capacity model.

PJM’s long-awaited capacity construct redesign will have to wait at least another month for endorsement by the Markets and Reliability Committee.

PJM’s Independent Market Monitor faced a barrage of questions at the final stakeholder evaluation of its MOPR-Ex capacity market proposal.