PJM Interconnection Capacity Auction and Grid Connection Projects

ongoing

The project involves the capacity auction conducted by PJM Interconnection, the grid operator for New Jersey and 12 other states, which affects wholesale electricity prices and the connection of new power generation projects to the grid. The auction results influence electricity rates and the development of new generation capacity, including upgrades to existing facilities and potential new builds. There is a significant queue of generation projects awaiting connection to the grid, including offshore wind projects and other generation types.