Pennsylvania Governor and PJM Agree on Capacity Auction Price Cap Potentially Saving $21 Billion for Consumers
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…...