Middle River Power will continue to operate a 540-MW gas-fired power plant rather than proceed with a planned retirement, likely due to increased revenue from PJM’s capacity market. In its 2023 State of the Market Report, PJM’s Independent Market Monitor suggested that a doubling of market revenues would reduce units identified as uneconomic by 44%, close to ~15 GW of generation. Analysts are predicting that capacity prices could continue to rise, potentially hitting the price cap, which would incentivize many more power plants to continue to operate. 9/5/2024