PJM Price Cap Saves Billions In Energy Costs

The PJM Governors Collaborative, representing 11 of 13 states where PJM Interconnection manages the power grid, are celebrating the most recent energy capacity auction that resulted in a savings of $13.3 billion dollars. The price cap will remain through 2030. With states like Maryland dealing with increasing energy costs and availability, Governor Moore said the result demonstrates why state action is necessary to manage regional energy prices…

“This decision proves that the biggest choices affecting peoples’ lives right now and the biggest choices affecting their wallets should be made with us and not made for us and not made to us.”