Latest / Catalyst with Shayle Kann
PJM and the capacity crunch
The PJM capacity auction this month broke records with sky-high wholesale power prices — and that was by design. Under PJM’s auction rules, tight supply raises prices, incentivizing the development of new generation and encouraging existing generation to stay online. The big driver of that tight supply? Data-center driven load growth. The independent system operator covers Virginia, one of the densest and fastest-growing regions for data center development.
So will higher wholesale prices incentivize enough generation to meet load growth without provoking the public with higher bills?
In this…
The skinny
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