Utility Dive•about 2 months ago
PJM proposes adding 14.9 GW with bilateral contracts, central procurement
Key Takeaway
PJM's 14.9 GW procurement proposal creates a new, direct market for generation developers and large loads like data centers, but its implementation and scale will hinge on addressing affordability concerns from stakeholders.
AI Summary
- •PJM proposes a two-phase plan to add 14.9 GW of new generation capacity, utilizing bilateral contracts and central procurement.
- •The initiative aims to directly connect new generation sellers with large power consumers, specifically mentioning data centers and other large loads.
- •The procurement target may face challenges from states and utilities due to affordability concerns, potentially impacting the final scale of the plan.
- •This represents a significant new market opportunity for generation developers and a structured procurement pathway for large energy users within the PJM footprint.
Topics
capacity-marketdatacenterpjmpolicyppa
Article Content
In the first part of a two-phase plan, the grid operator would help match buyers, including data centers and other large loads, with sellers of new generation. States and utilities may seek to lower the procurement target over affordability concerns.