News
December 10, 2024 CUB Statement: Consumer Victory: FERC Rejects PJM’s Anti-Consumer Transmission Proposal
The Federal Energy Regulatory Commission (FERC) has rejected anti-consumer proposals by PJM Interconnection and a group of transmission owners that would have given transmission owners more control over power grid planning.
The Federal Energy Regulatory Commission (FERC) has rejected anti-consumer proposals by PJM Interconnection and a group of transmission owners that would have given transmission owners more control over power grid planning.
November 19, 2024 Utility Dive: Ratepayer advocates press FERC for PJM capacity market changes, citing ‘crushing’ prices
Six ratepayer advocates on Monday filed a complaint at the Federal Energy Regulatory Commission seeking changes to the PJM Interconnection’s capacity market design, which they said is causing “crushing” capacity prices.
Six ratepayer advocates on Monday filed a complaint at the Federal Energy Regulatory Commission seeking changes to the PJM Interconnection’s capacity market design, which they said is causing “crushing” capacity prices.
November 17, 2024 Chicago Tribune: Sarah Moskowitz: ComEd’s coming spike in energy prices is an urgent call to us to move forward
Tribune readers got an unpleasant surprise recently: ComEd’s electric price is expected to spike next summer.
Unfortunately, this is no surprise to the Citizens Utility Board. We’re all too familiar with electric customers paying more because of a shadowy corporate entity called PJM Interconnection and the little-known electricity “capacity auction” it runs.
Tribune readers got an unpleasant surprise recently: ComEd’s electric price is expected to spike next summer.
Unfortunately, this is no surprise to the Citizens Utility Board. We’re all too familiar with electric customers paying more because of a shadowy corporate entity called PJM Interconnection and the little-known electricity “capacity auction” it runs.
November 8, 2024 CUB Blog: PJM’s gas track: what gives?
The nation’s largest power grid operator says it’s “fuel neutral” when considering energy resources, so why does PJM Interconnection appear to be showing so much love for dirty gas at the expense of wind and solar projects?
The nation’s largest power grid operator says it’s “fuel neutral” when considering energy resources, so why does PJM Interconnection appear to be showing so much love for dirty gas at the expense of wind and solar projects?
November 6, 2024 CUB Blog: PJM broke the capacity auction–but here’s how they can fix it
The electricity price for Illinois’ largest power utility, Commonwealth Edison, will go up significantly next summer because of a recent auction to secure reserve power. Grid operator PJM announced that its recent “capacity” auction sent prices skyrocketing from $28.92 per Megawatt-day to a record $269.92 per MW-day.
Why are the prices so high?
The electricity price for Illinois’ largest power utility, Commonwealth Edison, will go up significantly next summer because of a recent auction to secure reserve power. Grid operator PJM announced that its recent “capacity” auction sent prices skyrocketing from $28.92 per Megawatt-day to a record $269.92 per MW-day.
Why are the prices so high?