Utility Dive•about 2 months ago
PJM proposes fast-track interconnection plan, capacity auction price collar
- •PJM is proposing a 'fast-track interconnection plan' to significantly accelerate the process of bringing new generation projects online, directly benefiting developers.
- •A 'capacity auction price collar' is also proposed, which could stabilize or cap capacity prices, impacting revenue certainty for generators and potentially lowering costs for large power consumers.
- •The overarching goal is to balance rapid generation deployment with protecting ratepayers from high capacity costs, signaling a dynamic shift in market rules for PJM participants.
capacity-market