Customers were hammered in the most recent auction results announced in late July, seeing a ninefold price increase in the capacity component of power bills, redistributing billions from customers to certain power generators. Unless PJM revises the rules, customers could see even greater price spikes at the upcoming December auction. PJM has announced its intent to again delay the December auction in order to revise the auction rules.

Utility Dive reported on how competitive generators generally support the delay and rule changes, while Ohio-based FirstEnergy instead is calling for “new solutions”, empowering states to determine generation needs instead of the marketplace. Replacing the market with government would be a form of reregulation of generation.

The OMA has a longstanding position favoring markets over government picking winners and losers. Join the discussion at the OMA Energy Committee meeting on Nov. 7.10/17/2024