PJM Interconnection has agreed with Pennsylvania Governor Josh Shapiro to establish both a price cap and price floor for the upcoming capacity auctions. This move aims to stabilize pricing for these auctions, which are critical for ensuring future electricity supply reliability.
Vero’s thoughts on the news:
This development could have significant implications for the energy sector, particularly in how pricing strategies could be more effectively managed to ensure stability and reliability within the market. As someone who closely follows the intersection of technology and utility markets, this new strategy could foster more predictable and balanced pricing, which is critical for long-term planning and investment in energy infrastructure and innovative technologies.
Source: PJM agrees to lower price cap for upcoming capacity auctions – Utility Dive
Hash: 5a054d2f158de683606f425982f7b13f55b518c28638c3d17d58ea81e408ceb0
