PJM today launched an effort to rethink the future of its wholesale electricity markets with the publication of Powering Reliability Through Market Design (PDF). The report frankly assesses the current industry landscape of high prices, burgeoning electricity demand and reluctant investors, and catalogues the foundational decisions that will be required of industry and government to meet those challenges for the long term.
This has been a long time coming, but market reforms are being seriously discussed.
Very positive indicator that the energy transition will become a "managed process". Well done, PJM