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Capacity Prices Surge 1,000%, Governor Calls for Reforms

12/18/2025

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Summary

Story summary

PJM Interconnection reported capacity prices jumped about 1,000% over two years to $333.44 per megawatt-day in the latest auction.
Utility bills in the Mid-Atlantic and Midwest rose over 20%.
Pennsylvania Governor Josh Shapiro is advocating reforms to shield ratepayers before the next auction.
Talen Energy expects more than $1 billion in revenues for the 2027-2028 planning year.

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Story summary

PJM Interconnection reported capacity prices jumped about 1,000% over two years to $333.44 per megawatt-day in the latest auction.
Utility bills in the Mid-Atlantic and Midwest rose over 20%.
Pennsylvania Governor Josh Shapiro is advocating reforms to shield ratepayers before the next auction.
Talen Energy expects more than $1 billion in revenues for the 2027-2028 planning year.