States, Environmental Groups Challenge FERC Order on PJM Capacity Market Rules

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…...

EnerKnol Research PU Visual Primer Carbon Markets 2024 12 17 Blog preview

Carbon Market Developments Drive Momentum for U.S. Climate Policy

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  …...

washington 8th carbon auction

Washington’s Carbon Auction Prices Rebound

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…...

rggi 66

RGGI Carbon Auction Prices Fall by 22 Percent

The 66th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold nearly 16 million CO2 allowances at a clearing price of $20.05, according to results released on Dec. 6. The auction generated nearly $320 million bringing total proceeds to about $8.6 billion. The latest clearing…...

carb auction november

California-Quebec Carbon Auction Prices Show Slight Increase

The 41st quarterly carbon auction held by California and Quebec sold all of the nearly 52.6 million carbon permits offered under the current auction at a price of $31.91 per allowance, above the floor price of $24.04, according to the results released on Nov. 27 by the California Air Resources Board. The current auction clearing…...