FERC has approved PJM’s request to extend its “price collar”—a floor of $175/MW-day and cap of $325/MW-day—through the 2030 delivery year. It’s aimed to blunt the extreme volatility driven by the data center buildout.
PJM’s other weapon against this volatility (the “backstop” plan to procure 15 GW of emergency capacity) received pushback from FirstEnergy CEO Brian Tierney. He thinks power developers should contract directly with data centers…rather than relying on the RTO as a middleman and shifting commodity risk onto utilities.
Molly Glick
Energy Central Team
Fri, May 1
NEWS: PJM is scrambling to avoid grid chaos—but not everyone is a fan of the playbook.
1