As renewable electricity projects wait in line, PJM’s latest capacity auction clears at the maximum price allowed—passing higher costs to customers.By Rambo TalabongPJM Interconnection, the electric grid operator for 13 Mid-Atlantic and Midwest states and the District of Columbia, announced its capacity price on Tuesday for the upcoming service year at $329.17 per megawatt-day, hitting the price ceiling it set for the next two years. Analysts said the price was indicative of a region struggling to secure enough affordable power as demand surges and clean energy projects remain stuck in the interconnection queue.
Observations from the Little Bunker
Last updated: August 18, 2025 04:13 PM
Atmospheric CO₂
425.4 ppm
+18.4
ppm/year
Atmospheric CH₄
1934.91 ppb
+9.11
ppb/year
Global Temperature
+1.48 °C
Peak: +1.73°C
World Population
8.1 billion
+67
million/year