US: +1 (877) 51 POWER 
Europe: +44 (0) 207 198 1634 July 31, 2024 What’s Happening? The PJM Capacity auction conducted earlier this month cleared at the highest values ever, amounting to a total capacity market cost of over $15B, a nearly 10-fold increase. The auction, covering June 2025 to May 2026, has been influenced by new rules. These rules, particularly those governing the treatment of […]
PJM representatives have stated that increases in solar net metering, conservation efforts, and more efficient electronic devices as possible reasons for the lower peak load. This summer in the PJM Interconnection was hotter than the prior three, but systemwide peakload was lower than the highest peakload for those years, and PJM staffers are unsure […]
A power outage that left 28,000 customers in the District of Columbia and Maryland in the dark also sent real-time prices higher, Platts reported. The locational marginal price for BGE exceeded $500/MWh, and Pepco prices reached approximately $400/MWh. According to a statement from the Washington, D.C., office of the mayor, the outage “was the result […]
