Pennsylvania regulators hosted several panels to discuss PJM's tightening reserve margins and how the PUC should respond to the situation, which at least promises more high prices in the near future before new supplies can come online.

PJM capacity prices dropped in much of the RTO for delivery year 2024/25, but ratepayers in five regions will face increases due to locational constraints.

PJM said it will ask FERC to modify the rules of its 2024/25 capacity auction to avoid artificially high prices in one region of the RTO.