New supplies, reduced demand cut PJM capacity auction costs by $4 billion

摘要

PJM Interconnection LLC Tuesday announcedrna surprise 40 percent drop inrncapacity prices across most of its Mid-rnAtlantic and Midwest footprint, with arnsharp supply increase from new powerrnplants and lower demand projections inrnthis year’s capacity auction swampingrnthe effects of a new “performance-based”rnpayment system that generally boosts capacityrnprices.