2024/2025 Capacity Prices
Yesterday, the PJM Interconnection announced the results of its latest electricity capacity auction (for 2024/2025). PJM is the largest electric grid operator in the U.S. It serves 65 million people in 13 states plus the District of Columbia (including PA, OH, and WV). PJM reported prices for electricity in most areas were down, but prices were up in areas with local constraints (i.e., lack of natural gas pipelines). Of keen interest for us is which energy sources will increase their contributions to the grid, and which will decrease, in the coming years. Would it surprise you to learn that despite the hype and lies of mainstream media about solar and wind taking over, that new electricity from natural gas sources will increase the most?
