Exelon Corporation

14Aug

Surging Capacity Prices in PJM Set off New Alarms

For months now, PJM’s leadership has warned of rapidly approaching power shortages. If there was any suspicion of exaggeration, PJM’s most recent capacity auction has put those rumblings to bed. Capacity payments to generators in PJM, a sort of insurance premium to assure plants are available when needed, just jumped a remarkable 800% as rising […]
10Apr

When the Market is the Problem

“Allow the market to work” has been the catchphrase rebuttal to any suggestion that the accelerating loss of baseload, fuel-secure power plants threatens grid reliability. Renewable and natural gas advocates have sung it from the rooftops like a lost verse of “Baby Shark.” What their dismissal assumes – what their unshakeable faith in the market […]
05Feb

A Warning to Proceed with Caution

What’s the cost of inaction to protect the fuel diversity of our grid? New York offers a hint. The Empire State may have only two coal-fired power plants remaining, but a new rule aimed at effectively eliminating coal power from the state’s grid by 2020 is already jolting markets. As Bloomberg reported, the rule hasn’t […]