The PJM Interconnection board of managers is seeking a delay of upcoming capacity auctions, including June’s auction for the 2025/26 delivery year, so that proposed design rule changes may be implemented. “In arriving at this decision, the Board recognized that, despite the implications of auction delay, reforms are necessary to the capacity market design in…
PJM Interconnection released the initial results of its energy transition study. The study identifies the impact renewable energy has on market design, transmission planning, and grid reliability. The multiyear study is one of multiple being undertaken by PJM. Five focus areas were identified using the PJM strategic pillars of decarbonization efforts, future grid planning, and…
The first PJM capacity auction in three years saw some of the lowest clearing prices in its history. The auction resulted in an RTO clearing price of $50/MW-day, which is down from $140/MW-day in the previous auction, and lower than analyst’s expectations, due, in part, to a lower load forecast and reserve requirement. Another factor…
