EPSA
PJM’s latest capacity market auction sends a clear signal: it’s time to invest in America’s power system. More investment is urgently needed to ensure grid reliability amid rising electricity demand. Clearing prices hit the cap, as established by FERC for the 2026/2027 BRA. While suppliers are beginning to respond, a stable, competitive market framework remains essential to meet future needs.
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PJM Interconnection has completed the capacity market auction – or Base Residual Auction (BRA) – for the 2025/2026 Delivery Year (DY) and the results provide the initial price signals to finance reliable power generation for the 65 million customers in the PJM region, which encompasses 13 states and the District of Columbia.
Read MoreToday the PJM Interconnection released the results of the Base Residual Auction (BRA), for the 2024/2025 Delivery Year (DY) which point to an ongoing trend of declining prices for power generation capacity that could drive resource retirement and threaten system reliability.
Read MoreUnder the cover of darkness last night, FERC issued an Order granting PJM’s request to change auction results after the fact. This action is in clear violation of the filed rate doctrine, the rule against retroactive ratemaking, and 100 years of Supreme Court precedent.
Read MoreAuction Clearing Prices Are Significantly Lower Following Implementation of the Focused MOPR and Revised Offer Cap FOR IMMEDIATE RELEASE | June 22, 2022 CONTACT: Todd Snitchler 330.316.7492 | tsnitchler@epsa.org WASHINGTON – The PJM Interconnection released the 2023/2024 results of the Base Residual Auction (BRA), which cleared 144,870.6 MW of unforced capacity, representing a 21.6% reserve margin, […]
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