PJM power capacity auction clears at record high price of $269.92/MW-day for most of footprint

PJM Interconnection’s capacity market auction for the 2025/2026 delivery year cleared at record high prices of $269.92/MW-day for much of the PJM footprint, compared to $28.92/MW-day for the 2024/2025 auction, due to tighter supply, higher demand and market rule changes, the grid operator said July 30. “The significantly higher prices in this auction confirm our concerns that the supply/demand balance…PJM Interconnection’s capacity market auction for the 2025/2026 delivery year cleared at record high prices of $269.92/MW-day for much of the PJM footprint, compared to $28.92/MW-day for the 2024/2025 auction, due to tighter supply, higher demand and market rule changes, the grid operator said July 30. “The significantly higher prices in this auction confirm our concerns that the supply/demand balance…  Read More