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.

PJM’s plan for addressing uplift remains on schedule, and the final two phases of its three-phase solution will be filed by the end of this week.

FERC accepted SPP’s proposed Tariff revisions related to shortage pricing.

Members strongly endorsed the third phase of PJM’s plan to address uplift, despite opposition from financial stakeholders.

NYISO presented its Market Operations and Broader Regional Markets reports to the Business Issues Committee.

The PJM MRC was largely unconvinced when financial traders wanted to defer a vote on a set of rule changes on virtual transactions.

The PJM Board of Managers responded to accusations leveled by up-to-congestion trader XO Energy, defending the grid operator’s practices.

PJM stakeholders approved by acclimation amendments brought by the Monitor and issue charge to address minimum tank suction level costs.

UTC Trader XO Energy accused PJM of unfairly discounting the interests of up-to-congestion traders in recent uplift rule changes.

PJM stakeholders agreed to update pseudo-tie rules, move quickly on efforts to reduce uplift and create a new Security & Resiliency Committee.