The regional electric grid operator, PJM, has requested the Federal Energy Regulatory Commission (FERC) to delay its capacity auction to procure new power generation yet again. Timely capacity auctions are critical to procure new power plants to replace retiring power plants.

PJM’s capacity auctions have been delayed for years, exacerbating power supply worries, especially when combined with PJM’s backlogged interconnection queue for new generation, rated among the nation’s worst. PJM’s delay comes amidst a FERC complaint and multiple challenges that its auction rules are creating paper-only supply shortages – driving up customer costs by billions with no reliability improvement. 10/14/2024