PJM estimates the peak summer demand for its 13-state region (including Washington D.C.) will grow by about 70, 000 megawatts: from 154, 144 MW in 2025 to 220, 224 MW by 2040 and 228, 544 MW by 2045.
PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap
At the heart of the issue is PJM’s July 2024 Base Residual Auction (BRA) for the 2025/2026 delivery year, which resulted in a nearly tenfold increase in clearing prices, surging from $28.92/MW ...
David Velazquez, president and CEO for PECO and Asim Haque, senior vice president of governmental and member services at PJM Interconnection shared their insights during the event held at the ...
Pennsylvania Gov. Josh Shapiro has reached an agreement with PJM Interconnection over a lawsuit concerning potential “significant” electricity price increases in the 13-state territory.
To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. The PJM Interconnection will move to set a price cap and price floor for its next two capacity auctions ...
STORY HIGHLIGHTS Gov. Josh Shapiro reaches agreement with PJM Interconnection to reduce electricity costs. PJM agrees to lower capacity auction price cap to $325 million/megawatt/day. Shapiro ...
(Reuters) - Pennsylvania Governor Josh Shapiro on Tuesday said he has reached an agreement with grid operator PJM Interconnection to settle his recent complaint about its power market rules and ...
A settlement between PJM Interconnection, the regional grid operator, and the state of Pennsylvania will temporarily cap soaring electricity costs for 65 million consumers across the Mid-Atlantic ...
Gov. Wes Moore is calling on PJM Interconnection, the regional transmission operator responsible for Maryland’s power grid, to change its pricing model and power procurement rules to prevent ...
BALTIMORE – Maryland Gov. Wes Moore joined Pennsylvania Gov. Josh Shapiro in calling on grid operator PJM Interconnection LLC to take action to prevent energy cost increases. In a letter sent ...
Talen Energy has reached an agreement with PJM Interconnection, the Maryland Public Service Commission, Maryland electric utilities, consumer representatives, and the Sierra Club to extend ...
India's Kumbh Mela festival wraps up Wednesday, with final ritual river bathing ceremonies ending six weeks of celebration that organisers say have been attended by hundreds of millions of devotees.
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