Record low energy prices persisted for the first nine months of the year in PJM, the Independent Market Monitor said in its State of the Market report.

PJM’s markets remain “under attack” from those concerned about the retirements of unprofitable legacy generators, the Monitor said.

Interim PJM CEO Susan J. Riley opened the Market Implementation Committee meeting with an optimistic message about moving the organization forward.

PJM stakeholders were reminded that the clock will soon start ticking on the 90-day settlement period for working out how to unwind the GreenHat default.

The PJM Market Implementation Committee discussed capacity interconnection rights, carbon pricing, the RTO's market seller offer cap, and more.

PJM proposed an alternative stakeholder process to implement market rule changes recommended in a special report on the RTO’s role in the GreenHat default.