Last Thursday, PJM Interconnection, which provides wholesale electricity in all or parts of 13 states, including Ohio, announced the release of the 2013 State of the Market Report for PJM. The annual report analyzes market structure, participant behavior and market performance for each of the PJM markets. Undertaken by Monitoring Analytics, LLC, the independent market monitor for PJM, the report found that "the load-weighted average cost of energy (LMP) increased 9.7 percent in 2013 compared to 2012, from $35.23 per MWh to $38.66 per MWh. The price of capacity increased 17.8 percent in 2013, from $6.05 to $7.13 per MWh of load." Coal-fired units were more competitive with gas-fired units as the price of natural gas was higher in 2013 while coal was relatively flat. "Total payments for demand response programs increased by $122.9 million or 34.6 percent to $478.3 million in 2013 compared to 2012. The capacity market is the primary source of revenue to participants in PJM demand response programs." Additionally, payments to demand response resources in the capacity market increased $98.8 million, or 29.9 percent, from $331.1 million in 2012 to $429.9 million in 2013. For more, read the full report and news release.