Utility executives fault PJM’s energy market price reform process

摘要

Executives from four large utilities sent a letter to PJMInterconnection’s board that was circulated late Wednesday, callingon the grid operator to speed up the pace of energy market rulechanges that would increase power prices. The letter drew mixedreactions Thursday.“PJM’s current wholesale power market design fails to reflect thefull value of resources providing services, resulting in inaccurate pricesignals that undermine efficient investment by our companies andother market participants,” the executives said.