Will PJM limit capacity prices in ?
In January , PJM agreed to a settlement with a coalitition of governors led by Pennsylvania Governor Josh Shapiro to limit capacity prices for the next two years (- and -). This includes: If you are interested in diving into the details, you can find the full docket here.
Will PJM's Capacity Price be set for June – May ?
However, there’s additional complexity: Due to delays in PJM’s capacity auctions, the capacity price for the June –May period hasn’t yet been set. Utilities have temporarily relied on interim “capacity proxy prices” in their procurement auctions.
How much does a megawatt cost in -?
In the most recent auction for the - capacity market period, capacity prices surged to nearly ten times higher than the previous year. The price jumped from about $29 per megawatt-day to nearly $270 per megawatt-day – an unprecedented increase.
Why are electricity prices going up in the PJM region?
Many utilities in the PJM region buy electricity supply for their default service customers - those who haven't chosen an alternative supplier - through periodic procurement auctions. Prices determined by these auctions are already signaling sharp increases starting June due to rising capacity costs.
The /27 BRA delivered historic capacity prices, reaching the FERC-approved price cap. The RTO-wide clearing price of $329.17/MW-day represents a 22% increase from last year’s BRA for /26, which itself was an 833% increase from /25.Yemen Tenders | Latest Yemen Tender Opportunities
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