Reports

PJM State of the Market - 2023

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These reports are prepared by Monitoring Analytics. Because of their size, the reports are available in parts for download, or those with higher bandwidth may download the document as a whole.

2023 State of the Market Report for PJM   Posting Date
mmu,report,reports,somVolume I
Volume I (5MB PDF) contains the introduction.

Volume II
Volume II (20MB PDF) contains detailed analysis and results.
Table of Contents (72KB PDF)
Section 1 - Introduction (2MB PDF)
Section 2 - Recommendations (304KB PDF)
Section 3 - Energy Market (4MB PDF)
Section 4 - Energy Uplift (288KB PDF)
Section 5 - Capacity Market (2MB PDF)
Section 6 - Demand Response (421KB PDF)
Section 7 - Net Revenue (1MB PDF)
Section 8 - Environmental and Renewable Energy Regulations (1MB PDF)
Section 9 – Interchange Transactions (1MB PDF)
Section 10 – Ancillary Service Markets (3MB PDF)
Section 11 – Congestion and Marginal Losses (3MB PDF)
Section 12 – Generation and Transmission Planning (3MB PDF)
Section 13 – Financial Transmission and Auction Revenue Rights (1MB PDF)

   03.14.2024
Press Briefing Materials - Updated (PDF)   04.01.2024
Errata   04.01.2024

2023 Quarterly State of the Market Report for PJM:
January through September		   Posting Date
mmu,report,reports,som2023 Quarterly State of the Market - full version (19MB PDF)

Preface (73KB PDF)
Table of Contents (82KB PDF)
Section 1 - Introduction (1MB PDF)
Section 2 - Recommendations (260KB PDF)
Section 3 - Energy Market (4MB PDF)
Section 4 - Energy Uplift (282KB PDF)
Section 5 - Capacity Market (2MB PDF)
Section 6 - Demand Response (1MB PDF)
Section 7 - Net Revenue (1MB PDF)
Section 8 - Environmental and Renewable Energy Regulations (1MB PDF)
Section 9 – Interchange Transactions (1MB PDF)
Section 10 – Ancillary Service Markets (3MB PDF)
Section 11 – Congestion and Marginal Losses (2MB PDF)
Section 12 – Generation and Transmission Planning (3MB PDF)
Section 13 – Financial Transmission and Auction Revenue Rights (1MB PDF)
   11.09.2023
Errata   11.17.2023

2023 Quarterly State of the Market Report for PJM:
January through June		   Posting Date
mmu,report,reports,som2023 Quarterly State of the Market - full version (18MB PDF)

Preface (66KB PDF)
Table of Contents (78KB PDF)
Section 1 - Introduction (1MB PDF)
Section 2 - Recommendations (209KB PDF)
Section 3 - Energy Market (4MB PDF)
Section 4 - Energy Uplift (274KB PDF)
Section 5 - Capacity Market (2MB PDF)
Section 6 - Demand Response (1MB PDF)
Section 7 - Net Revenue (1MB PDF)
Section 8 - Environmental and Renewable Energy Regulations (1MB PDF)
Section 9 – Interchange Transactions (1MB PDF)
Section 10 – Ancillary Service Markets (2MB PDF)
Section 11 – Congestion and Marginal Losses (2MB PDF)
Section 12 – Generation and Transmission Planning (3MB PDF)
Section 13 – Financial Transmission and Auction Revenue Rights (1MB PDF)
   08.10.2023
Errata   11.17.2023

2023 Quarterly State of the Market Report for PJM:
January through March		   Posting Date
mmu,report,reports,som2023 Quarterly State of the Market - full version (17MB PDF)

Preface (71KB PDF)
Table of Contents (82KB PDF)
Section 1 - Introduction (1MB PDF)
Section 2 - Recommendations (266KB PDF)
Section 3 - Energy Market (4MB PDF)
Section 4 - Energy Uplift (296KB PDF)
Section 5 - Capacity Market (2MB PDF)
Section 6 - Demand Response (1MB PDF)
Section 7 - Net Revenue (1MB PDF)
Section 8 - Environmental and Renewable Energy Regulations (1MB PDF)
Section 9 – Interchange Transactions (1MB PDF)
Section 10 – Ancillary Service Markets (2MB PDF)
Section 11 – Congestion and Marginal Losses (2MB PDF)
Section 12 – Generation and Transmission Planning (3MB PDF)
Section 13 – Financial Transmission and Auction Revenue Rights (1MB PDF)
   05.11.2023
Errata   05.30.2023