PJM members will have two new avenues for feedback on the RTO’s Independent Market Monitor starting in January, the Board of Managers announced.

The PJM Monitor remains unconvinced that performance metrics during localized load sheds should be used to calculate capacity market default offer caps.

The MRC voted on four packages of revisions as part of PJM’s quadrennial review of the VRR curve, but none of the proposals received majority support.

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

PJM and Monitoring Analytics have agreed on a deal that will extend the Monitor’s contract through 2025.

PJM outlined its requirements for accepting the Independent Market Monitor's opportunity cost calculator, a bid to end a dispute that has upset generators.

Bob O’Connell of Panda Power Funds introduced a proposal that would require PJM to accept opportunity cost adders calculated by the IMM.

In his quarterly state of the market report, the PJM IMM said the results of the 2018 Base Residual Auction show the need to change its capacity offer cap.

Consumer, small-business and environmental advocates pressed the PJM Board of Managers on the issue of transparency at their annual meeting.

FERC Commissioner Robert Powelson said that he sees an “erosion of confidence” in RTO stakeholder processes.