PJM Capacity Auction Attracts Record Amount Of Resources
May 30, 2017
PJM attracted a record amount of competitive resources in its annual capacity auction, which produced a price of $76.53 per MW-day for most of the grid operator’s footprint. The RTO procured 165,109 MW of resources for the period from June 1, 2020, to May 31, 2021, providing a 23.3 percent reserve margin. The auction attracted 2,350 MW of new gas-fired generation; 7,532 MW of demand response resources; 119 MW of solar resources; and 504.3 MW of wind resources. Additionally, 1,710 MW of energy efficiency resources cleared.