Constellation-Calpine reply to US FERC ignores price differences, market monitor says
( May 19, 2025, 22:45 GMT | Official Statement) -- MLex Summary: Electricity providers Constellation Energy and Calpine Corp. didn't sufficiently account for price differences within transmission zones that might justify the evaluation of submarkets within that region, the independent market monitor for PJM Interconnection — a Mid-Atlantic and Midwestern regional electricity transmission group — told the US Federal Energy Regulatory Commission. "Price differences can be persistent even when prices are correlated," Monitoring Analytics told FERC. "Price correlation isn't a good indicator of the existence of submarkets. The Deficiency Response simply ignores price differences within zones based on the underlying and incorrect assumption that transmission zones are relevant to the energy market."See attached document. ...
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