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.

FERC approved a settlement in a yearslong fight over how much revenue VEPCO should receive for its reactive energy supply fleet.

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

The PJM IMM is opposing the RTO and resource owners over generators receiving compensation for providing FERC-mandated primary frequency response.

PJM’s markets were competitive in the first nine months of the year, the Independent Market Monitor found in its quarterly State of the Market Report.

The PJM Independent Market Monitor and other critics say the alternative the RTO proposed to the DOE NOPR would also be expensive and undermine the markets.

The PJM Market Monitor estimated the DOE NOPR would cost ratepayers $32 billion/year if nuclear and coal units were all paid their full replacement value.

Consumer representatives and the Independent Market Monitor expressed concern at the MRC over PJM’s plans for vetting energy offers exceeding $1,000/MWh.

PJM stakeholders pressed the RTO to find common ground regarding several changes to Manual 11 in preparation for implementing intraday offers.