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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 Meanwhile, the peak load forecast for the 2025/2026 Delivery Year has increased from 150,640 MW for the 2024/2025 BRA to 153,883 MW for the 2025/2026 Delivery Year. See Resource Links below.]

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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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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.

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Kleinman Center For Energy Policy: The High Price Of Failing To Transition To Clean Energy In PJM Footprint; Next PJM Auction Is In December

PA Environment Daily

By John Quigley, Senior Fellow, Kleinman Center Next year, the electricity bills for twenty percent of Americans will start reflecting the high cost of failing to transition to clean energy. The cost of lining up those resources has skyrocketed—by a factor of almost seven—to a record high level. MW-Day For 2025/26 Delivery Compared To $28.92/MW-Day

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Climate Policy: What’s Happening at the State Level?

Legal Planet

Another development with multi-state implications involves electric vehicles. California has now adopted a rule phasing out gas and diesel vehicles by 2035. There are some aggressive milestone requirements: 35% of new vehicles must be electric by 2026 and 68% in 2030. Oregon seems likely to do so soon.

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CONSOL Energy Sets Goals Of Reducing Greenhouse Gas Emissions By 50% By 2026, Achieve Net Zero Emissions By 2040; Coal Mining Produces More GHG Emissions Than Natural Gas Production In PA

PA Environment Daily

In addition, the Company announced its long-term efforts to achieve net zero direct operating greenhouse gas emissions by 2040 or sooner if feasible. In addition, the Company announced its long-term efforts to achieve net zero direct operating greenhouse gas emissions by 2040 or sooner if feasible.

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Oil and Gas Sponsorships in Major League Sports

Legal Planet

That includes 25 sponsorship deals with Big Oil companies as well as 36 deals with lesser-known utility companies that generate electricity predominantly from fossil fuel-burning power plants and sell fossil gas directly to consumers. it will be interesting to see if the 2025-2026 season brings any fewer Big Oil sponsorships.