The Federal Energy Regulatory Commission (FERC) has approved PJM Interconnection’s request to delay the 2026-2027 capacity auction by six months, rescheduling it for June 2025, after complaints about soaring wholesale capacity market prices. The next three base capacity auctions, through the 2029-2030 delivery year, will also be delayed six months.
Although some critics argue that this delay limits stakeholder oversight, FERC concluded that PJM is acting in good faith to reduce disruptions and maintain market stability.
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FERC approves 6-month delay to PJM’s next 3 capacity auctions
