Reduced uplift, plunging energy prices and shrinking net revenues punctuated a competitive first quarter in the PJM energy market.

SPP is stepping up its bid to offer market services in the Western Interconnection, with interested participants approaching the RTO for more details.

Record high natural gas demand and production highlighted FERC’s 2018 State of the Markets report.

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.

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

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

The creation of Evergy has increased market concentration in the new company’s reserve zone, SPP’s Marketing Monitoring Unit said.

The MISO market was competitive in 2017, but the RTO should do more to address increasing congestion and low capacity prices, Monitor David Patton said.

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.

The SPP Market Monitoring Unit (MMU) reported that energy prices averaged about $23/MWh in the spring, despite higher loads.