PJM Publishes Response to 2021 State of the Market Report

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PJM has posted its response to the 2021 State of the Market report. 

The report (PDF) is in response to recommendations made by Monitoring Analytics, PJM’s independent market monitor, in its State of the Market Report released in March.  

In its response, PJM recognized the comprehensive nature of the market monitor’s report and noted its appreciation for the detailed information it provides on the performance of PJM markets in 2021. 

PJM’s response, posted June 10, is focused on key areas highlighted in the Monitoring Analytics report:

  • Energy Market
  • Energy Uplift
  • Capacity Market
  • Demand Response
  • Environmental and Renewable Regulations
  • Ancillary Services
  • Financial Transmission Rights and Auction Revenue Rights

The document 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, as well as the market monitor’s recommendations.

The report also indicates the status of all the recommendations contained in the 2021 State of the Market report. Monitoring Analytics’ 2021 State of the Market Report is also available.