February 24, 2025

Joe Bowring

PJM Market Implementation Committee Briefs
PJM will try again next month to gain stakeholder approval for codifying several generator operating parameters after a Market Implementation Committee discussion led to last-minute changes.
PJM’s Grid 20/20 Ponders Mixing Public Policy, Competitive Markets
Panelists at the PJM Grid 20/20 summit discussed the challenges of conflicting state public policy, competing interests and the impact on the RTO's competitive markets.
Lawyers Take an Economics Class: Capacity Markets vs. Scarcity Pricing
Four Ph.Ds. joined in a tag-team debate on the virtues of scarcity pricing versus capacity markets in a panel discussion cum economics seminar at the Energy Bar Association’s Annual Meeting.
Independent Market Monitors Wouldn’t Have It Any Other Way
Joe Bowring and David Patton often disagree, but they are 100% in agreement on the need for independence in market monitoring.
State Regulators: FERC Probe into Bowring Allegations Fell Short
Bowring’s allegations at a FERC technical conference in 2007 that PJM attempted to muzzle his internal market monitoring unit shook the RTO to its roots.
Order 719: FERC Balanced MMU Independence Against RTO Autonomy
The independence concerns raised by former SPP market monitors resulted in part from FERC’s compromises in Order 719.
PJM COO Kormos Leaving; Post Won’t be Filled
Mike Kormos, executive vice president and chief operations officer for PJM, is leaving the RTO on April 15 after 27 years.
Bowring Urges Return to ‘Fundamentals’
The Monitor reported that the PJM energy, capacity, regulation, synchronized reserve and FTR markets were all competitive in the 2015 State of the Market.
Traders Deny FERC Charges; Seek Independent Review
Coaltrain Energy said that it didn’t manipulate the market, that its trading strategy wasn’t deceptive and that it didn’t engage in wash trades.
No Consensus on PJM FTR/ARR Allocations
All of the speakers at a FERC technical conference agreed that PJM's allocation method for FTRs and ARRs could be improved.

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