PJM's capacity market proposal faces pushback from market monitor, generators.

The article discusses the pushback faced by PJM Interconnection's proposal to revise its must-offer and market seller offer cap rules from various stakeholders, including market monitor, trade groups, renewable energy companies, and ratepayer advocates. While some entities like OPSI, Dominion Energy, and Constellation Energy support the proposal, others argue that it lacks adequate stakeholder input and could have negative implications for market participants. The debate centers on the proposal's impact on capacity auctions, market power mitigation rules, and the cost of resources, with opposing views on how the reforms could affect renewable energy and storage resources in PJM's capacity market. [Extracted from the article]