Dr. Joseph Bowring, of the Monitoring Analytics, LLC, the independent market monitor for PJM, presented his view of the markets during the Year in Review presentation at the PJM Annual Meeting of Members Tuesday.
He said that he is optimistic about the PJM markets. He said they been competitive and bring benefits to its customers. Bowring said that Capacity Performance is something that’s necessary for effective market signals and price formation.
He also talked in detail about the impact of financial traders and recent high-profile cases being investigated by the FERC.