Reported 3 days ago
Pennsylvania Governor Josh Shapiro has lodged a complaint with a federal energy regulator against PJM Interconnection, demanding a change in its market rules to prevent surging electricity prices. Citing record-high payments to power plants and the potential for a $20.4 billion increase in costs for consumers, Shapiro argues that PJM's capacity market is failing to ensure grid reliability and is burdensome for ratepayers across 13 states.
Source: YAHOO