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Friday
Aug092013

PJM Posts Capacity Prices for June 2015

DateFriday, August 9, 2013 at 04:46PM Print ArticlePrint Article

Read the full Northern Illinois Energy Users July 2013 update (page 6 has the capacity price details).

In May PJM released the results of its 2013 auction to set the initial capacity price for June 1, 2016. The result of this auction set the initial June 1, 2016 price at $59.37 per MW-day which is a decrease from the prior auction results. The final 2016 price will be adjusted slightly by two supplemental auctions. The following chart shows the capacity prices for the June 1, 2009 to June 1, 2016 period.

PJM’s Reliability Pricing Model (RPM) is PJM’s capacity-market auction process that sets long -term price prices to attract needed investments in reliability in the PJM region. Capacity prices are set three years in advance.

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