The Electric Power Supply Association (EPSA), which represents competitive power suppliers, is pleased to see the PJM Interconnection receive another favorable report from the regional transmission organization’s market monitor, Monitoring Analytics.
The 2014 State of the Market Report was released by the firm on March 12 and on March 27. It found that for the 16th straight year PJM markets have produced competitive results for 61 million customers in 13 states and Washington, D.C.
On March 27, EPSA noted what it considers to be some of the key findings and recommendations outlined in the 510-page report.
In particular, the market monitoring unit (MMU) includes recommendations related to energy offer caps, transparency and improved process related to uplift payments.
In addition, the MMU proposes a consistent definition of capacity for all resources and elimination of limited and summer unlimited demand response (DR), as well as the 2.5% offset to demand.
The 2014 report notes that PJM is addressing fundamental capacity market design issues in its capacity performance proposal, which is currently pending at the Federal Energy Regulatory Commission (FERC), EPSA said.