Report: Customers Overpaying By $4 Billion In PJM Capacity Market Due To Over-procurements
March 17,2020
Sierra Club and the Natural Resources Defense Council published a report stating that over-procurements in PJM's capacity market, due to over-forecasting and other factors such as the level of Net CONE, have resulted in $4.4 billion in excess costs to customers
The report notes, "RPM has consistently acquired far more capacity commitments than intended or needed, due to auction design features and inaccurate peak load forecasts."
