The PJM Interconnection has several market design changes underway, including adjustments to energy reserve price formation and the way its capacity market is structured that will significantly impact market participants going forward.

Andy Ott, president and CEO of PJM Interconnection, talks with Kieran Kemmerer, power market analyst with S&P Global Platts Analytics, and Jared Anderson, senior writer covering North American power markets for Megawatt Daily, about the timing of these initiatives and the grid operator's rationale for making some of these market rule changes.