New Report: PJM’s Broken Capacity Market is Gas’s Opportunity

A new report from two respected energy economists puts a number on something MDN readers have watched play out all year: PJM's capacity market is broken, and it's about to cost ratepayers billions — while creating a wide-open lane for reliable Marcellus/Utica gas. The National Center for Energy Analytics (NCEA) published "Regional Transmission Organizations: Problem or Solution?" on August 27. Authors Jonathan A. Lesser (president, Continental Economics) and Brent Bennett (policy director, Life:Powered/Texas Public Policy Foundation) dig into why RTOs (Regional Transmission Organizations) like PJM — the grid operator covering all or part of 13 mid-Atlantic states, including Pennsylvania, Ohio, and West Virginia — are struggling to keep the lights on at a price anyone wants to pay.

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