More than 70 members virtually joined the OMA Energy Committee committee meeting this week. All OMA committee meetings through at least third quarter will be held virtually.
Special guest presenter, Dr. Joseph Bowring, the PJM Independent Market Monitor, spoke on the impact of the FERC Minimum Offer Price Rule (MOPR) order on customers’ power bills. Dr. Bowring has noted repeatedly that state legislation to subsidize certain power plants is unfair to markets. In his presentation he concludes that the landmark FERC MOPR order “is not expected to have an impact on the clearing prices and auction revenues in the 2022/2023 RPM BRA (wholesale power auction).” 5/21/2020