January 29, 2014
Power Marketer Slams PJM's "Objectionable" Request to Lift $1,000/MWh Price Cap "On The Fly"
NextEra Energy Power Marketing, LLC (NEPM) has slammed PJM's "on the fly" request to allow offers in excess of the $1,000/MWh cap to set the market-clearing price, as granting PJM's request would mean that customers would, "pay billions for capacity and pay unlimited energy prices whenever energy…