PJM CeO sees room for power markets, state policies as it looks to grid of the future

摘要

Washington—With recent regulatory actions driving some to question the future viability of certain wholesale power markets, the new head of the PJM Interconnection was insistent Tuesday that markets could coincide with state clean energy policies and even help facilitate innovations needed for the grid of the future. PJM President and CEO Manu Asthana said he’s had a “fascinating and very humbling” first four months at the regional transmission organization. Taking the helm January 1, he recalled his first week included a meeting to discuss the sweeping capacity market rule changes directed by the Federal Energy Regulatory Commission, plans for significant credit risk-management policy reforms triggered by GreenHat Energy’s June 2018 default in the financial transmission rights market, and early pandemic preparedness talks.