PJM floats options for capacity market overhaul

AI Summary

PJM President David Mills has recognized the urgent need for reform in the capacity market, suggesting various options to enhance sustainability. These proposals could reshape the energy market structure in the coming years.

“The current situation is not tenable,” PJM President and CEO David Mills said. “The region has years, not decades, to make these choices deliberately.” The grid operator lays out three options in a white paper, including shifting to an energy market model.