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PJM Electricity Auction Price 9 Times Higher Than Previous Auction-- $269.92/MW-Day For 2025/26 Delivery Compared To $28.92/MW-Day In 2024-25; Extreme Weather Risk Big Factor

PA Environment Daily

On July 30, the PJM Interconnection reported its latest electricity auction produced a wholesale price of $269.92/MW-day MW-day for much of the PJM footprint for delivery in 2025-26-- 933% more than the $28.92/MW-day MW-day cost for delivery in the 2024/2025 auction. reserve margin for the 2024/2025 Delivery Year.

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Utility Dive: North American Electric Reliability Corp Sounds Alarm Over Maintaining Sufficient Winter Natural Gas Supplies To Address Extreme Winter Conditions; PA Gas Producers Cutting Production, Pulling Drill Rigs

PA Environment Daily

On September 19, Utility Dive reported the North American Electric Reliability Corp issued a statement that it "remains concerned about maintaining sufficient natural gas supplies to address extreme winter conditions." and grid operators and the natural gas sector say they are preparing, said Utility Dive. [The

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PJM Interconnection Formally Files Changes To Electric Capacity Market Rules With FERC Based Largely On Unreliability Of Natural Gas-Fired Power Plants During Winter Storm Elliot

PA Environment Daily

On October 13, the PJM Interconnection formally submitted proposed electric market reforms designed to support reliability of the electric grid now and in the future amid increasingly extreme weather and a changing generation fleet.

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Pennsylvania’s Electric Grid Is Dependent On One Fuel To Generate 59% Of Our Electricity; Market Moving To Renewables + Storage

PA Environment Daily

On March 7, the Independent Fiscal Office issued its latest Pennsylvania Electricity update that reports the electricity grid is dependent on one fuel for 59% of the state’s electricity generation-- natural gas-- followed by nuclear power-- 31.9%, coal-- 5.4% from other sources. Read more here. Read more here.

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PennFuture: Dramatic PJM Electricity Price Increases Due To Forced Outages Of Gas Power Plants; Huge Backlog Of New Generation Projects; Demand Growth Driven By Data Centers, Cryptocurrency Mining

PA Environment Daily

On August 1, PennFuture released this statement related to the latest PJM Interconnection electricity auction that resulted in a dramatic increase in electricity prices in the PJM footprint for delivery in 2025-26. At the most recent auction, the clearing prices for the 2025/26 delivery year, soared to $269.92

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2025 coal consumption peak steals the highlight in China’s energy outlook

A Greener Life

By Anders Lorenzen The consumption of coal, the most climate polluting fossil fuel, is predicted to peak by 2025 in China, the world’s highest emitting country. Analysis by Sinopec, expects coal consumption to peak around 2025 at 4.37 This compares with 425 BCM and 9% of primary energy consumption projected for 2025.

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PJM Interconnection Board Proposes Market Reforms Based Largely On Unreliability Of Natural Gas-Fired Power Plants During Winter Storm Elliot

PA Environment Daily

One of the most significant changes to be filed is "enhance resource accreditation" that would more accurately assess the reliability value of natural gas-fired power plants which accounted for 70% of the power plant outages in PJM during Winter Storm Elliot. 13 in order to be implemented for the 2025/2026 BRA.