Monitoring Analytics

PJM IMM Warns Against Another Capacity Market Overhaul
PJM's Monitor urged the RTO not to rush into making changes to its capacity market before the approved design is given a chance to succeed.
Gen Owners Balk at Change to PJM Black Start Rates
Stakeholders challenged PJM and its Monitor over updates to the RTO’s black start capital recovery factor table.
PJM Monitor Challenges MBRAs over Market Power
PJM’s Monitor opened another front in its bid to strengthen its market power rules, challenging the renewals of rate authorizations in 14 dockets.
PJM Responds to IMM Report
PJM has responded to the Market Monitor’s annual State of the Market Report, highlighting five different areas of focus out of hundreds of recommendations.
IMM: PJM Energy Markets Remained Competitive in Q1
PJM’s first-quarter energy prices fell to their lowest level since the RTO was created in 1999, according to the Monitor’s State of the Market report.
PJM Monitor Finds Capacity Exit Costly for NJ
PJM’s Monitor released a report concluding that New Jersey ratepayers would likely see costs increase if the state left the RTO’s capacity market.
PJM, IMM Present MOPR Rules for State Procurements
PJM and its Monitor shared with stakeholders their proposals for responding to FERC’s directive that state default service auctions be subject to the MOPR.
PJM Monitor Defends FRR Analyses in MOPR Debate
PJM’s Monitor defended a conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the capacity market and adopt the FRR option.
UPDATE: Monitor: PJM Saw Record-low Energy Prices in 2019
The average load-weighted, real-time LMP in PJM was $27.32/MWh last year, a 28.6% decrease from 2018 and the lowest in the RTO’s 21-year history.
Exelon Challenges PJM Monitor’s ComEd FRR Analysis
Exelon said a report from PJM's Monitor uses assumptions to cast a negative light on the FRR alternative members may pursue in the face of an expanded MOPR.

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