PJM Interconnection LLC, which operates the grid across 13 states and the District of Columbia, has proposed a price cap and floor for its upcoming capacity market auctions for the 2026/2027 and 2027/2028 delivery years. Though intended as a temporary measure to restore stability to the…Read the full report…...
Carbon markets across the U.S. are experiencing shifts, with Washington’s auction prices climbing for the second consecutive time and potential market linkages taking shape, while…Read the full report …...
The 42nd quarterly carbon auction held by California and Quebec sold all of the nearly 51.5 million carbon permits offered under the current auction at a price of $29.27 per allowance, above the floor price of $25.87, according to the results released on Feb. 26 by the California Air Resources Board. The current auction clearing…...
Pennsylvania Governor Josh Shapiro announced on Jan. 28 that PJM Interconnection has agreed to a resolution plan to address issues with PJM’s capacity auction to prevent unnecessary energy price hikes for consumers. The agreement resolves a complaint filed with the Federal Energy Regulatory Commission concerning flaws in the grid operator’s capacity auction design that could…...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington’s latest carbon auction saw prices rebound following voter support for its program, while a court ruling has…Read the full report …...
The eighth quarterly auction of greenhouse gas allowances under Washington’s cap-and-invest program sold all allowances offered, with current vintage allowances settling at $40.26 per allowance, which is nearly 35 percent higher compared to the previous auction, according to the results released on Dec. 11 by the state’s Department of Ecology. The surge in auction prices…...
