PJM Capacity Auction Hits Price Cap for Third Consecutive Time

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PJM, the largest grid operator in the US, held its capacity auction for the 2028/2029 delivery year and hit the price cap for the third consecutive time. This indicates rising energy costs for American consumers amid poor planning and higher demand projections.

Yesterday, the nation’s largest grid operator PJM held its capacity auction for the 2028/2029 Delivery Year. The auction ended when prices reached the price cap, signaling more costly energy bills for everyday Americans who have been paying soaring energy prices for years due to PJM’s poor planning and projected energy ... [continued] The post PJM Capacity Auction Hits Price Cap for Third Consecutive Time appeared first on CleanTechnica.