NEWS: PJM hears the frustration…and is weighing its next move. 🤔

The grid operator is mulling over a major market overhaul as hyperscaler demand outpaces supply and capacity prices skyrocket. Among the options: A) requiring long-term energy contracts B) letting states cap capacity costs…while accepting less reliability or C) shrinking the capacity market.

EC member Richard "Dick" Brooks has a positive take: “This has been a long time coming, but market reforms are being seriously discussed,” he wrote. “Very positive indicator that the energy transition will become a ‘managed process.’”