Federal regulators’ rejection of a market plan for PJM could affect states’ clean energy goals.
The Federal Energy Regulatory Commission rejected proposals by grid operator PJM to change how subsidized power plants bid into its market.
FERC voted on a June 29 order along a 3-2 party-line split, with the three Republican commissioners voting in favor and two Democratic commissioners dissenting. The PJM plan would have allowed power plants already receiving out-of-market state subsidies to bid into the regional grid operator’s capacity auctions as price-takers, gaining contracts “without mitigation.”
The order only directly affects PJM Interconnection, the largest grid ...