Tell Your State Decisionmakers PJM is Harming Consumers

Electricity prices are set to soar across PJM’s 13-state territory based on results from a recent capacity auction. PJM, the largest U.S. power grid operator, has announced a dramatic increase in capacity prices, jumping from $28.92 to $269.92 per megawatt-day, which will increase consumer cost by nearly $13 billion!

This price surge is in part due to PJMs failure to quickly interconnect new, clean energy resources waiting to come online and generate affordable energy. At the end of 2023, over 3,300 projects were still waiting for connection even though they have the capacity to replace all planned fossil fuel retirements. PJM closed the interconnection queue nearly two years ago to deal with the backlog, and as a result, new renewable projects cannot even enter the queue until 2026,because of this the need for transmission planning improvements and interconnection reforms is more urgent than ever.

Their failure to prepare for the clean energy transition, and plan long term for the regions transmission needs is hurting our state’s reliability goals and will ultimately cost rate payers more money.

This surge in costs has been attributed to PJM’s inadequate preparation for the energy transition we all knew was coming, including its poor performance in managing generator interconnections, and failure to plan and build new transmission lines.

SIGN THE BELOW ACTION FORM TO TELL YOUR LEGISLATOR THEY MOST HOLD