Skyrocketing PJM Capacity Market Prices: What Happened and How Can We Fix It?

At the end of July, power grid operator PJM experienced record-high costs to secure the electric grid capacity needed to ensure stable operations. Prices spiked, yielding a 9-fold cost increase for the 13-state territory, saddling consumers with a $15 billion bill for 2025-2026. These record costs for capacity expose serious implications for the reliability of the system, as well as increasing costs for all electricity consumers.

Get the real story on the drivers behind the price spike, including the difficulty in bringing new capacity online in the PJM region and the lack of reliability from natural gas generation. We’ll cover the interconnection queue, fossil vs. renewable energy sources for reliability, transition planning, and related FERC orders (1920, 2222, 2023) to help you understand what’s happening and what steps can be taken to solve this challenge.

Featuring:

• –Jon Gordon, Director, Advanced Energy United
• –Tom Rutigliano, Senior Advocate, Climate & Energy, NRDC

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