Week Ahead: Central Atlantic Offshore Wind Development, ME Discusses Time-of-Use Rates, California-Quebec Carbon Auction
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Maryland Commission Seeks Reforms to PJM’s Capacity Auction Process
The Maryland Public Service Commission on Oct. 9 requested the Federal Energy Regulatory Commission to grant a complaint filed by a number of public interest organizations to shield ratepayers from higher electricity prices due to flaws in the PJM Interconnection LLC’s capacity auction design. In their complaint, the organizations assert that PJM’s capacity market rules…...
U.S. Carbon Markets Experience Dynamic Shifts as States Advance Climate Initiatives
Recent developments in U.S. carbon markets highlight a changing landscape marked by fluctuating auction prices, new initiatives, and…Read the full report …...
PJM Capacity Auction Prices Surge to Record Highs Amid Supply Concerns
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from…Read the full report…...
Carbon Markets Garner Regulatory Attention as States Explore Pathways to Net Zero
Regulatory developments are shaping the trajectory of carbon markets amid mixed outcomes in recent allowance auctions. California, Quebec, and Washington are considering a shared carbon market highlighting the importance of collaborative efforts to tackle…Read the full report …...
Biden Administration Announces Principles to Advance Voluntary Carbon Markets
The Biden administration on May 28 announced a policy statement and new principles to develop high-integrity voluntary carbon markets, or VCMs, that can unlock private capital to drive decarbonization efforts. The move is intended to support the responsible development of VCMs with “guardrails in place,” so that the market is equipped to spur credible climate…...