FERC’s clean energy boycott distorts PJM prices and discards history

FERC’s recent decision setting new rules for PJM’s capacity auction will exclude clean energy resources from PJM’s procurement and force PJM to buy more capacity than it needs to keep the lights on. While claiming to act in defense of market integrity, FERC overrides consumer and policy preferences for clean energy and rigs PJM’s auction process to benefit a particular class of investors.

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