Competitive power suppliers are investing in the skilled, diverse workforce America needs to build, operate, maintain, and secure the reliable electricity system of the future.
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PJM Market Continues to Signal Need for More Generation: Breaking Down the 2028/2029 BRA Results
PJM’s latest capacity auction highlights growing electricity demand driven by data center growth, reinforcing the need for additional power generation as competitive suppliers continue investing in new projects to support future reliability.
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Competitive Investment Underway in PJM Region as Auction Prices Again Reflect Growing Electric Demand
The 2028/29 PJM capacity auction results reflect rising electricity demand and reinforce that competitive markets are driving billions of dollars in private investment in new generation, while emphasizing the need to speed interconnection, permitting, and market reforms to bring additional power online.
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FERC Sends Clear Message: Utilities Can’t Use Competitive Power Markets to Paper Over Poor Business Decisions
In rejecting AEP’s request to sell 750 MW of excess capacity into PJM’s auction, FERC made clear that competitive markets are not a backstop for speculative utility decisions, reinforcing that wholesale markets exist to protect customers and ensure investment risks are borne by those who make them—not shifted onto ratepayers.
Read MorePJM Announces Results of the 2023/2024 Annual Capacity Auction: Prices Are Significantly Lower Following Implementation of Focused MOPR and Revised Offer Cap
PJM Interconnection has announced the results of its annual capacity auction, or base residual auction (“BRA”), for the 2023/2024 Delivery Year (“DY”). It is important to note that this long-delayed auction is for the upcoming delivery year, not the typical three year-ahead auction schedule.
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