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February 15, 2025
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PJM, Shapiro Reach Agreement on Capacity Price Cap and Floor
Pennsylvania Gov. Josh Shapiro
Pennsylvania Gov. Josh Shapiro | Shutterstock
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PJM announced it will seek to establish a $325/MW-day price cap on capacity prices and a $175/MW-day floor for the 2026/27 and 2027/28 Base Residual Auctions following discussions with Pennsylvania Gov. Josh Shapiro to resolve a complaint he filed over increased capacity costs.
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Capacity MarketPennsylvaniaPJM Board of ManagersPJM Members Committee (MC)Public Policy