Capacity markets are the flashpoint in the energy transition.
It's getting more difficult to ensure a reliable and resilient electric grid as the energy transition unfolds and extreme weather events are becoming "normal", affecting generator performance.
Failure is not an option; something must be done to ensure we are doing "the right things" now or face the consequences of an unreliable electric grid.
I look forward to presenting the "Always on Capacity Exchange" (AOCE) capacity market reform proposal to PJM on May 30, which is based on this "objective function":
To ensure a reliable and resilient electric grid, by acquiring the proper amount of grid services capacity while also achieving State energy goals as the energy transition unfolds, while providing consumers with reliable electric service at just and reasonable costs and generators with adequate and reasonable revenues to ensure their ability to meet capacity obligations under all weather conditions.
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