Joseph Bowring, President of Monitoring Analytics, LLC, the Independent Market Monitor (IMM) for the PJM Interconnection, the regional transmission organization for the Mid-Atlantic states, has sent the RTO running back to Valley Forge with its tail between its legs, after having forced PJM to concede defeat in a dispute over the release and Internet posting of confidential bid and offer pricing data in the form of Excel spreadsheets relating to a recent Base Residual Auction (BRA) for the PJM capacity market, known as the Reliability Pricing Model (RPM), as was conducted in May 2009, for the 2012-2013 delivery year.

The issue was whether PJM had done enough to “aggregate” and “mask” the released data, so that clever market participants could not thumb through the spreadsheets with a discerning eye and figure out the exact price points contained in buy and sell bids submitted by rival utilities or generation capacity suppliers. Read more »

Posted: April 9th, 2010 under Bids and Offers, Capacity Markets, Confidential Information, Electric Utility Regulation, ISOs, Independent Market Monitor, Market Monitoring, PJM, RPM, RTOs, Reliability Pricing Model.
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