Coauthored by Katherine Worden, Legal Intern, Stanford Law School.
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PJM, a grid operator for 65 million customers, recently conducted an auction that procured 22 percent extra capacity over its customers’ projected need.
PJM’s latest auction for utilities to buy and sell commitments to deliver electricity in the future, known as capacity, produced prices nearly twice as high as the
PJM, the transmission grid operator for parts of the Mid-Atlantic and Midwest, filed two competing proposals this week at the Federal Energy Regulatory Commission (FERC), the agency tasked with ensuring that wholesale electricity market rules result in reasonable rates.
Seeking to fix growing problems with certain wholesale electricity markets, an unusual coalition of rural-cooperative and publicly-owned electric utilities, industrial and commercial customers, consumer advocates,