PJM 2024 State of the Market Report: A Comprehensive Analysis - Cozzy Energy Solutions PJM 2024 State of the Market Report: A Comprehensive Analysis The 2024 State of the Market Report for PJM, a regional transmission organization in the Mid-Atlantic United States, provides a detailed evaluation of the operation of PJM's wholesale electricity markets. The report assesses the effectiveness of market rules, tariff provisions, and compliance with these regulations. Key findings from the report reveal that energy prices in PJM were largely determined by units operating at or near their short-run marginal costs, indicating generally competitive behavior in the market. However, transmission costs have been a persistent issue, with the cost per MWh of wholesale power exceeding capacity costs since 2019. This has resulted in higher energy prices for consumers, with customers paying an additional $685.8 million due to binding transmission constraints and locational price differences. The PJM FTR market design has also been criticized for its flaws, resulting in customers receiving significantly less congestion revenue than they should have since the 2011/2012 planning period. The report estimates that customers have been shortchanged by $4.6 billion over this period. To address these issues and promote a more competitive and efficient energy market, the report identifies several areas for improvement. Firstly, the FTR market design needs to be enhanced to ensure that customers receive the rights to 100% of the congestion they pay. Secondly, efforts should be made to reduce transmission costs by encouraging investment in generation and grid infrastructure. Finally, market rules and tariff provisions need to be updated to reflect changing market conditions and promote competitive behavior. The report is a valuable resource for policymakers, industry stakeholders, and the broader public interested in energy market operations. Its comprehensive analysis provides insights into the complexities of PJM's wholesale markets and highlights areas for improvement to promote a more efficient and competitive energy market.

PJM 2024 State of the Market Report: A Comprehensive Analysis #PJM #EnergyMarket #PJM2024 #TransmissionCosts #ElectricityPrices #RegulatoryAnalysis

H.R.572 - To prohibit the use of non-monetized or unqualified factors for regulatory analyses, and for other purposes.

(assessment required - is this 'good' or 'bad' for downstream uses? which industry/domain are we addressing here? ALL?)

#congressionalbills2025 #factors #regulatoryanalysis

After Loper: The Primacy of Skidmore - Center for Progressive Reform Regulations that were upheld by the courts during the Chevron era have some protection, but new regulations will be fully subject to Loper Bright rather than Chevron. The general refrain in the Loper ...

So, now that Chevron's gone, how will the courts review agency regulations?

Member Scholar Daniel Farber of #BerkeleyLaw says "Skidmore deference" takes the stage.

Find out what this means! ➡️ progressivereform.org/cpr-blog/aft...

#Chevron #Loper #LoperBright #LegalAnalysis #RegulatoryAnalysis