PJM Interconnection released the results of its annual capacity auction, which successfully procured diverse and competitive power supplies for the 65 million people PJM serves.The auction produced a price of $140/megawatt-day for much of the PJM footprint, compared to $76.53/MW-day last year. Notably, wind and solar resources saw big increases over last year’s results. The…

The approvals include a market efficiency project expected to save customers $622 million over 15 years.

Sumitomo Corporation, together with Sumitomo Corporation of Americas (collectively “Sumitomo Corporation Group”), announced their investment in an innovative battery power storage system that will provide a reliable and stable supply-demand balancing service for the frequency regulation market operated by PJM, the largest regional transmission organization of wholesale electricity in the U.S. Sumitomo acquired an interest…

Introduction The integration of renewable energy into the PJM Interconnection system has increased steadily in the past several years, primarily as a result of renewable energy goals in most of the states within the PJM footprint. At the request of its stakeholders, PJM commissioned a study in May 2011 to understand the impacts to grid…

A new study has found that the PJM Interconnection LLC system could not only handle a dramatic increase in generation from wind and solar with sufficient reserves and a transmission build-out, but would also glean a number of benefits from having a greener grid. However, a report on the study’s findings notes that increased penetration of solar…