Report on PJM Interconnection found market performance ‘competitive’
A report released on Thursday by Monitoring Analytics, LLC, on the market performance of regional electric transmission company PJM Interconnection found it produced “competitive” results during the first six months of 2015.
Net revenue, a key measure of overall market performance, was lower for new entrant units in the first half of 2015 compared with 2014, but higher for new entrant gas and coal units, the “2015 Quarterly State of the Market Report for PJM: January through June” said.
The report, issued by the independent market monitor, assesses the competitiveness of PJM-managed wholesale electricity markets in 13 states and Washington, D.C. The report includes analysis of market structure, participant behavior and performance.
The independent market monitor evaluates the operation of PJM’s wholesale markets to identify ineffective rules and provisions, propose improvements as needed, oversee compliance and provide comprehensive market analysis. Independent Market Monitor Joseph Bowring ensures the program’s independence and objectivity.