PJM has posted its response to the 2023 State of the Market Report published by Monitoring Analytics, PJM’s Independent Market Monitor.
The Independent Market Monitor’s annual report contains recommendations that aim to enhance the competitiveness, efficiency and durability of PJM’s markets.
In its response (PDF), PJM reviews several new recommendations contained in the 2023 report and provides initial responses regarding the applicability of each recommendation to the current market and any potential next steps for pursuing design enhancements, including references to ongoing stakeholder engagements.
PJM’s response provides background on where actions in each area stand within the stakeholder or regulatory process, along with PJM’s position on the topic or on a path forward.