PJM 2016/17 Transition Auction Clears at $134/MW-day
Procures Target Capacity Below Price Cap
Aug 31, 2015
By Suzanne Herel and Rich Heidorn Jr. Capacity Performance resources cleared at $134/MW-day in the transition auction for the 2016/17 delivery year, PJM announced Monday. PJM held the auction Aug. 26-27 to obtain CP resources for 60% of the updated reliability requirement for 2016/17, procuring its target of 95,097 MW.