Analyses that predict increased costs for regions that exit PJM’s capacity market should be redone to presume maximizing imports to counter local market power.

PJM’s Monitor released a report concluding that New Jersey ratepayers would likely see costs increase if the state left the RTO’s capacity market.

PJM’s Monitor defended a conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the capacity market and adopt the FRR option.

The New Jersey BPU extended the SREC program deadline for solar developers who were prevented from receiving approval for projects due to pandemic-related disruptions.

New Jersey is winding down a solar energy program that helped place the state near the top of solar production in the country.

FERC ruled two merchant transmission operators in New Jersey are liable for cost allocations under PJM’s RTEP despite converting from firm to non-firm.

New Jersey officials have taken the first step in determining whether the state should remain in PJM’s regional capacity market or go in another direction.

New Jersey Gov. Phil Murphy said the state will procure the remainder of its 7,500-MW offshore wind goal in five solicitations through 2028.

PSEG CEO Ralph Izzo expressed skepticism that New Jersey utilities will abandon the PJM capacity market over the expanded minimum offer price rule.

New Jersey Gov. Phil Murphy outlined how the state will meet its goal of 100% “clean energy” and an 80% reduction in greenhouse gas by 2050.