Joe Bowring
PJM stakeholders discussed a myriad of topics and challenges facing the markets at last week’s Mid-Atlantic Power Market Summit hosted by Infocast.
RTO officials and their Market Monitors unilaterally rejected Energy Secretary Rick Perry’s proposal to provide price supports to coal and nuclear plants.
Consumer advocates urged Congress to pressure FERC to improve the RTO stakeholder process and reject Energy Secretary Rick Perry’s directive to rescue at-risk coal and nuclear generation.
PJM’s proposal to create standardized contracts for establishing dynamic transfers with other balancing authority areas has provoked opposition.
PJM and its Independent Market Monitor remain at odds over whether price-based offer updates should be connected to cost-based offers.
PJM presented the Market Implementation Committee with revisions to the RTO’s proposal for handling intraday hourly offers in the energy market.
PJM’s Independent Market Monitor said that 22 of the 479 power supplier fuel-cost policies it evaluated failed to meet its standards for being systematic.
While PJM and its Independent Market Monitor agree that its markets “work” and are competitive, they disagree on what might make them better.
In the afternoon of day one of FERC's major technical conference focused on PJM, with CEO Andy Ott, IMM Joe Bowring and state regulators testifying.
The PJM Market Monitor gave his 2016 State of the Market Report, calling state subsidies for power plants a "threat" to wholesale electric markets.
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