24 May '18, 6pm

[email protected] reveals results of this year's capacity auction, which saw a fourfold increase for #solar.

PJM Interconnection has released the results of its annual capacity auction, which successfully procured diverse and competitive power supplies for the 65 million people PJM serves. Notably, both wind and solar resources saw big increases over last year’s auction. The auction procures power supply resources to meet electricity needs for three years from now in the PJM service area, which includes all or parts of 13 states and the District of Columbia. PJM procured 163,627 megawatts of resources for the period of June 1, 2021, to May 31, 2022. The auction produced a price of $140/MW-day for much of the PJM footprint, compared to $76.53/MW-day last year. Prices are higher in some regions due to transmission limits, notes PJM. A total of 11,126 MW of demand response cleared in the auction, representing an increase of 3,305 MW compared to last year’s auction. A total of 3,832 ...

Full article: https://solarindustrymag.com/solar-increases-fourfold-in-...

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