PJM Capacity Auction Prices Lower For 2019/2020
May 25, 2016
PJM procured 167,306 MW in its capacity auction for the June 1, 2019-May 31, 2020, delivery year. The clearing price was $100/megawatt-day for the majority of the region, lower than some analysts had expected and lower than last year’s results. A total of 10,348 MW of demand resources cleared in the 2019/2020 auction, with 613.7 MW clearing as capacity performance. In addition, 1,515 MW of energy efficiency cleared, with 1,058 MW clearing as capacity performance. There were 335 MW of solar generation capacity that cleared along with 969 MW of wind generation capacity. The auction also attracted 5,074 MW of new gas-fired generation.