Second consecutive year of high capacity auction prices highlights urgent need to fix interconnection delays and accelerate clean energy projects
WASHINGTON, DC —The latest PJM capacity auction results make clear, for the second year running, that the PJM region desperately needs new generation, storage, and demand-side resources to meet growing electricity demand. But despite strong “build” signals from high prices, critical barriers are blocking projects from moving forward.
Prices have
once again increased in PJM
, going up for most customers from
$269.92/MW-day during the previous auction to $329.17/MW-day today, even though consumers were protected from an even more significant increase by the newly implemented price cap.
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Topics:
Wholesale Markets,
Press Releases,
Jon Gordon
RTO Insider reports on PJM's capacity auction results, with prices hitting the $329.17/MW-day price cap approved by FERC. United's Jon Gordon stated that new resources are needed to meet forecast demand, advocating for critical reforms to streamline interconnection processes.
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Topics:
United In The News,
Economic Impact,
Transmission,
Jon Gordon,
Interconnection
Ohio Capital Journal reports that Ohio ratepayers may see further increases in their electric bills when PJM Interconnection releases its annual capacity auction results. United's Jon Gordon discussed the different factors that drove energy rate hikes in last year's PJM capacity auction, including slow interconnection processes, poor transmission planning, and rising energy demand.
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Topics:
Ohio,
United In The News,
Transmission,
Jon Gordon,
Interconnection
Inside Climate News reports that nine Northeastern states have unveiled the Northeast States Collaborative on Interregional Transmission plan, which aims to identify, advance, and finance interregional transmission projects that prioritize public interest goals over market profits. United's Jon Gordon noted that the plan reflects the states' growing frustration with regional grid operators over stalled energy projects.
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Topics:
United In The News,
Jon Gordon,
Interconnection
AI initiative marks a promising new tool for tackling PJM’s backlog, especially if paired with continued policy reform
WASHINGTON, DC – Today, PJM Interconnection and Google announced a groundbreaking partnership to use artificial intelligence to streamline how new energy projects connect to the power grid. Clean energy industry advocates welcomed the move as a smart and necessary step toward solving the interconnection backlog that has stalled thousands of clean energy projects across the region. Advanced Energy United praised the initiative as a sign that PJM is embracing innovation to modernize the grid.
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Topics:
Wholesale Markets,
Press Releases,
Jon Gordon,
Interconnection
Utility Dive reports that PJM Interconnection and Google will work together to use AI to streamline how new energy projects connect to the power grid. United’s Jon Gordon applauded the partnership, noting that advanced automation technologies combined with continued market and policy reforms will unlock the full potential of clean, reliable, and affordable energy for PJM's 13-state region.
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Topics:
United In The News,
Jon Gordon,
Interconnection
The Pennsylvania Public Utility Commission (PUC) has scheduled a hearing to examine the impact of AI data centers on the state's electricity infrastructure and economy. United's Jon Gordon spoke with Pennsylvania Capital-Star about the complexities of energy demand forecasting, raising concerns about the speculative nature of certain projects.
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Topics:
United In The News,
Pennsylvania,
Jon Gordon
POWER MAGAZINE reports on Advanced Energy United's webinar, "How PJM Can Deliver Affordable, Reliable Power Faster," where expert panelists, including United's Director Jon Gordon and Managing Director Morgan Pinnell, examined how PJM can deliver the reliable, sustainable, and affordable power its 13-state region needs to meet growing energy demand.
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Topics:
United In The News,
Transmission,
Jon Gordon,
Permitting and Siting,
Morgan Pinnell,
Interconnection
RTO Insider reports that the PJM Board of Managers have approved $6 billion for the Regional Transmission Expansion Plan. United's Jon Gordon spoke about the plan's lack of comprehensive regional planning and competitive bidding, noting the total 5-year cost is approaching $40 billion, which will be passed directly on to ratepayers.
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Topics:
United In The News,
Transmission,
Jon Gordon,
Interconnection
PJM’s inability to quickly connect new large-scale energy sources to the grid cost consumers $7 billion in latest capacity auction, found new Grid Strategies analysis
WASHINGTON, DC – Electricity prices across the Mid-Atlantic and Midwest are set to soar, but a new analysis finds that consumer electricity costs could have been reduced by as much as $7 billion dollars in PJM Interconnection’s latest capacity auction had the grid operator’s interconnection process been working more efficiently to bring needed supply online to match demand.
The finding comes from a new analysis from the consulting firm Grid Strategies, “Penny-wise and pound foolish:PJM’s Capacity Auction Demonstrates the Cost Imperative of Simplified and Speedy Interconnection.” The report was prepared for national business association Advanced Energy United, and explores PJM as a specific case study of a broader national trend.
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Topics:
Wholesale Markets,
Press Releases,
Jon Gordon,
Interconnection
