PJM LOWERS INCREMENTAL ENERGY OFFER PRICE CAP

Effective April 12, PJM will reduce the incremental energy offer price cap in Markets Gateway to $1,000/MWh (from $2,000/MWh). This is in response to FERC Order 831, and will impact both daily and hourly offers for all schedule types (Cost-based, Priced-based, and Price PLS schedules).