With an unprecedented amount of electric generation retiring within the next three years, PJM Interconnection's capacity market secured record amounts of new generation, demand resources and energy efficiency to keep the grid reliable.
PJM announced the results of its capacity market, the annual Reliability Pricing Model auction, for resources to meet power supply needs between June 1, 2015, and May 31, 2016.
The RPM auction procured a record amount of new generation in one year, 4,900 MW. In addition, capacity imported from west of PJM increased about 8% from last year to 4,335 MW.
