Skyrocketing PJM Capacity Market Prices: What Happened and How Can We Fix It?
VirtualAt 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 […]