PJM wants FERC to toss out the Independent Market Monitor’s complaint about its default market seller offer cap.

Unsound rules for calculating default market seller offer caps and other persistent structural flaws made PJM’s capacity market uncompetitive in 2018, the RTO’s Monitor said.

Independent Market Monitor Joe Bowring said PJM’s proposed revisions to how it prices reserves necessitates changes in the capacity market.

FERC approved PJM Tariff changes designed to be compliant with Order 844 by improving participants’ insight into transmission constraint penalty factors.

FERC approved PJM’s proposal to change how it measures seasonal demand response resources, rejecting a protest by the Independent Market Monitor.

In many ways, PJM's 2018 was much like years before, with capacity and energy market rules under constant redesign. Some stakeholders have grown weary of the churn.

FERC proposed to exempt market participants in ISO-NE, MISO, NYISO and PJM from its indicative horizontal market power screens.

MISO officials say they will follow through on most recommendations in its Independent Market Monitor’s 2017 State of the Market report.

CAISO’s congestion revenue rights market showed unusual surpluses this summer because of higher congestion rents on Path 26.

The PJM Independent Market Monitor has declined to budge from its position that the RTO allow market participants to use its opportunity cost calculator.