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 […]

On August 14, 2024
Environmental Protection Agency (EPA), Exelon Corporation, grid reliability, Manu Asthana, Paul McGlynn, Peter Behr, PJM Interconnection, Politico, Utility Dive

13May

In 2018 NERC Warned of a Reliability Crisis from Accelerating Baseload Retirements. It’s Here.

In 2018, the North American Electric Reliability Corporation (NERC), the organization that oversees the reliability on the North American electric grid, warned of the threat of accelerating losses of baseload sources of power. At the time, S&P Global Market Intelligence characterized the report by writing, NERC “warns that an accelerated retirement of coal-fired and nuclear […]

On May 13, 2020
baseload power, capacity markets, Department of Energy (DOE), Federal Energy Regulatory Commission (FERC), grid reliability, John Moura, North American Electric Reliability Corporation (NERC), plant retirements, S&P Global Market Intelligence, Steve Winberg, Utility Dive