Energy affordability is a real concern, and there has been plenty of discussion in Harrisburg about reforming the markets operated by PJM Interconnection, the regional grid operator that runs the wholesale electricity market across Pennsylvania, 12 other states and the District of Columbia
For good reason.
PJM’s recent capacity auction results show a 630% increase in payments to power plant owners over two years — resulting in billions of additional dollars flowing to generators, ultimately paid by consumers. Reining that in is difficult because PJM and its generators aren’t regulated by Pennsylvania…