PJM Electricity Auction Price 9 Times Higher Than Previous Auction-- $269.92/MW-Day For 2025/26 Delivery Compared To $28.92/MW-Day In 2024-25; Extreme Weather Risk Big Factor
PA Environment Daily
JULY 30, 2024
On July 30, the PJM Interconnection reported its latest electricity auction produced a wholesale price of $269.92/MW-day MW-day for much of the PJM footprint for delivery in 2025-26-- 933% more than the $28.92/MW-day MW-day cost for delivery in the 2024/2025 auction. reserve margin for the 2024/2025 Delivery Year.
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