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November 21, 2024
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Capacity Prices Jump Following Rule Changes
Prices Double in Western PJM, Flat in East
The 2017/2018 capacity auction cleared at $120/MW-day in most of PJM as restrictions on demand response and imports doubled prices in Virginia, West Virginia, North Carolina and much of Ohio. Prices were essentially flat in the East.
Capacity MarketDemand ResponseFERC & Federal