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October 24, 2021

PJM Seeks to Lift $1,000 Price Cap: UPDATE

Gas Prices Spike in Second Cold Snap

Jan 24, 2014
Rich Heidorn Jr.
Plunging temperatures sent natural gas spot prices soaring again this week, prompting PJM to seek approval from federal regulators to lift the $1,000/MWh price cap on generation. Natural gas prices for generators in PJM peaked at $140/mmBtu Tuesday, pushing operating costs for generators above the price cap. As a result,...
RTO Insider Energy Market Reliability Demand Response Energy Efficiency Natural Gas

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