Story perspectives

Proposed Capacity Rule Changes Spark Controversy and Cost Concerns

1/14/2025

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Summary

Story summary

PJM Interconnection's proposed changes to must-offer and market seller offer cap rules face significant opposition.
The revisions mandate intermittent and hybrid resources to join capacity auctions by July 2026.
Critics claim insufficient stakeholder input may raise capacity prices and threaten reliability.
Supporters, like OPSI and Constellation Energy, back the proposal but seek further reforms.
Ratepayer advocates caution that these changes could increase capacity costs by up to $25 billion.

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Story summary

PJM Interconnection's proposed changes to must-offer and market seller offer cap rules face significant opposition.
The revisions mandate intermittent and hybrid resources to join capacity auctions by July 2026.
Critics claim insufficient stakeholder input may raise capacity prices and threaten reliability.
Supporters, like OPSI and Constellation Energy, back the proposal but seek further reforms.
Ratepayer advocates caution that these changes could increase capacity costs by up to $25 billion.