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Monday, Mar 10, 2025
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The prices raised concerns about swelling power bills for everyday homes and businesses in the grid operator’s territory, and led environmental groups – including the Sierra Club, Earthjustice, and the Natural Resources Defense Council – to file a complaint against PJM’s process to determine its prices.
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PJM has asked regulators to delay its 2026/27 auction by about six months to address the complaint against it. The group of governors said they supported the delay.
The grid operator said it had continuously warned that government policy measures aimed at shifting away from fossil-fired power generation, before adding new clean electricity generation, could result in a supply crunch.
A wind turbine rotates in rural Lee County on March 27, 2024, in Illinois. Grid operator PJM says it repeatedly warned that moving away from fossil fuel power generation before building up more clean energy sources would lead to supply shortages. (Stacey Wescott/Chicago Tribune/Tribune News Service via Getty Images / Getty Images)
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“Our state leaders are critical voices and we appreciate their input as we work to balance the need for an investment signal for new generation with the need to keep prices affordable for consumers,” PJM spokesman Jeff Shields said in an email to Reuters. “Our states also play a critical role in the policy choices they make that directly impact supply and demand on our system,” he added.
Reuters contributed to this report.
