Maryland Governor Wes Moore on Oct. 26 launched Megawatts for Maryland, a $200 million clean energy auction program to expand in-state electricity generation and help lower power costs. Administered by the Maryland Energy Administration, the two-year initiative will fund renewable energy generation and energy storage projects, helping offset development and construction costs. Established under the…...
California Governor Gavin Newsom on Sep. 23 announced that he has authorized the state to begin the final regulatory process to link its Cap-and-Invest program with Washington’s carbon market, advancing a partnership that would expand carbon trading beyond California’s existing agreement with Québec. The action clears a legal requirement that Washington’s program meets California’s statutory…...
Cap-and-trade programs across the U.S. are evolving as states refine program frameworks, adjust emissions trajectories, and…Read the full report …...
The California Air Resources Board on Aug. 26 released the results of its latest joint carbon allowance auction with Quebec’s Ministry of the Environment, with all available allowances selling above the reserve price, signaling continued demand from regulated companies across the linked carbon market. The Aug. 19 sale cleared current allowances at $32.48 per metric…...
The New Jersey Board of Public Utilities on Aug. 13 released a study finding that the capacity market operated by PJM Interconnection can no longer reliably deliver electricity at the lowest possible cost, prompting the state regulator to call for changes to its design and governance. The report, required under legislation enacted Aug. 25, 2025,…...
The California Independent System Operator on July 30 released its first Western Energy Markets Quarterly Benefits Report, combining the long-running assessment of the Western Energy Imbalance Market, or WEIM, with the inaugural results from its Extended Day-Ahead Market, or EDAM. The expanded report provides a broader view of how coordinated real-time and day-ahead electricity trading…...
PJM Interconnection LLC’s capacity market auction for the 2028/2029 delivery year left the grid operator about 6,800 megawatts (MW) short of its reliability requirement, marking the second…Read the full report…...
PJM Interconnection on July 14 announced the results of its 2028/2029 capacity auction, marking the second consecutive auction in which committed electricity resources fell short of the grid operator’s reliability requirement. The auction secured about 138,300 megawatts of accredited capacity to serve more than 67 million customers across 13 states and the District of Columbia…....
