North America
May 30, 2018
Power & Utilities | Wholesale Markets
Visual Primer Series
EnerKnol’s Visual Primer – Prices Rebound in America’s Largest Power Supply Auction as Nukes Fail to Clear
Renewables, Aggregations, Efficiency, and Demand Response Defy Expectations
PJM Interconnection LLC’s annual capacity auction saw clearing prices ramp up 83 percent from a year ago to $140/megawatt-day, rebounding after a sustained fall for two consecutive auctions. Renewables and demand response did surprisingly well especially because they are deemed seasonal assets with limited ability to meet the new stringent performance standards that require year-round capacity. Despite the high prices, the amount of nuclear generation that cleared the auction fell by over a quarter from last year.
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