@duncancampbell Uniform price auction makes transparent what the difference is between short run costs and other stuff. Pay-as-bid is what you’re describing, and you loose valuable information. Vertical integration is a whole different labyrinth.
@SlBrandin Eh. Everything is connected. good market design should acknowledge how regulation impacts the incentives facing its market participants.
For example, capacity market must offer obligations compliment to scarcity pricing by minimizing market power
@SimonMahan [Not PJM but scarcity pricing aficionado] I’m pretty sure this is right— 2k is the energy offer cap but you can add $1700 for reserve energy. Unsure what the status of this is but: https://t.co/CCyf5494Ft