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July 03, 2022

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

Gas Prices Spike in Second Cold Snap

Jan 24, 2014
Rich Heidorn Jr.
Energy Market / Reliability / Demand Response / Energy Efficiency / Natural Gas
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,...

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