PJM in compliance with FERC order 831 will be implementing offer verification changes to ensure that a resource’s cost-based incremental energy offer reasonably reflects that resource’s actual or expected costs.
Offer caps will include:
Manual verification go live is occurring between December 2017 and February 2018
Automated verification will is anticipated to go live in March 2018
Cost Offers > $1,000 will be capped at the at the greater of $1,000, or the price on the most expensive verified segment on the curve