2015 State of the Market Report for PJM: January through March
EAGLEVILLE, Pa., May 18, 2015 /PRNewswire/ — PJM Interconnection’s wholesale electric energy, capacity and regulation markets produced competitive results during the first 3 months 2015, according to the 2015 State of the Market Report for PJM: January through March, released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.
The Independent Market Monitor, Joseph Bowring, announced findings of the report today. The report is the Independent Market Monitor’s assessment of the competitiveness of the wholesale electricity markets managed by PJM in 13 states and the District of Columbia. The report includes analysis of market structure, participant behavior and market performance for each of the PJM markets.
“Our analysis concludes that the results of the PJM Energy, Capacity and Regulation Markets in the first three months of 2015 were competitive,” Bowring said.
Energy market prices decreased significantly from the first three months of 2014 as a combined result of lower fuel prices, lower demand and improved grid operations. The load-weighted average real-time LMP was 45.2 percent lower in the first three months of 2015 than in the first three months of 2014, $50.91 per MWh versus $92.98 per MWh. But the load-weighted average LMP in the first three months of 2015 was 36.1 percent higher than in the first three months of 2013 and was higher than the load-weighted average LMP in the first three months of 2009 through 2013 and for 11 of 16 first quarters since the markets began in 1999.