2026/2027 Capacity Prices
In January, MDN reported that the PJM Interconnection electrical grid operator, covering Pennsylvania (along with all or parts of 12 other states and the District of Columbia), had caved to the political demands of Pennsylvania Governor Josh Shapiro to artificially cap the prices of the next capacity auction scheduled for July 2025 (see PJM Grid Caves to PA Gov. Shapiro Bullying, Blackout Risk Rises). The auction was just held, and sure enough, the prices negotiated were all at the highest price point allowed under the agreement with Shapiro.
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