PJM’s Record-High Capacity Prices Spark Sector Reckoning as Market Signals, Policy Battles Intensify
by Sonal Patel from POWER Magazine on (#6Z12K)
Capacity prices in PJM Interconnection's latest auction spiked to the market's price ceiling, hitting $329.17/MW-day across the board for the 2026/2027 delivery year-the maximum allowed under new Federal Energy Regulatory Commission (FERC) rules. The regional transmission organization's (RTO's) competitive Base Residual Auction (BRA), conducted on July 9, 2025, and released on July 22, secured 134,311 [...]
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