NOTE: The Office of the Governor shared the following press release:
Extension of price collar through 2030 will save consumers across the region an estimated $27 billion, building on the Moore-Miller Administration’s comprehensive strategy to lower energy bills and ensure grid reliability.
ANNAPOLIS, Md. — Governor Wes Moore today announced that the Board of Managers for grid operator PJM Interconnection released a decision to extend the capacity market price cap through the end of the decade. This decision follows sustained advocacy from Governor Moore and a coalition of 13 governors who demanded the grid operator take action to protect families and businesses from volatile rate hikes while long-term market reforms are implemented…