PJM to ask FERC to invalidate its energy market rules after stakeholder impasse

Utility Dive: More than a year in the making, PJM's Wednesday announcement reflects an extended effort by the grid operator and its stakeholders to rework energy market price formation.

In Nov. 2017, PJM staff proposed allowing both flexible units, like gas plants, and larger, more inflexible generators to set prices, arguing it would "more accurately reflect the true incremental costs to serve load."

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