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Posts tagged #CapacityPrice

Cozzy Energy Solutions
Cozzy Energy Solutions
@energysolutions.bsky.social
7 months ago
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PJM Interconnection Sets Capacity Price Ceiling Amid Growing Energy Demand Shortfall The PJM Interconnection has set a capacity price ceiling of $329.17 per megawatt-day for the upcoming service year, highlighting a pressing imbalance between increasing energy demand in 13 states and Washington D.C., and insufficient corresponding supply growth. To mitigate this issue, PJM is extending the operation of fossil-fired power plants to bolster grid energy availability, while also emphasizing the need for proactive state support, particularly for "shovel-ready" projects navigating the PJM interconnection queue.

PJM Interconnection Sets Capacity Price Ceiling Amid Growing Energy Demand Shortfall #PJM #EnergyDemand #CapacityPrice #GridStability #RenewableEnergy #PermitStreamlining

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Cozzy Energy Solutions
Cozzy Energy Solutions
@energysolutions.bsky.social
7 months ago
Preview
Record Spending on Electricity Supply Impacts US Power Grid Businesses and Homes A record-breaking $16.1 billion was spent on electricity supply in the US last year, exceeding the previous year's total of $14.7 billion, according to PJM Interconnection LLC. This significant increase in expenditure is largely driven by the rapid growth of artificial intelligence and other high-energy consuming technologies, which is putting considerable strain on the existing power grid infrastructure, prompting calls for increased electricity generation capacity to meet escalating demand.

Record Spending on Electricity Supply Impacts US Power Grid Businesses and Homes #PJM #Electricity #GridBusinesses #USPower #EnergyDemand #CapacityPrice

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