American Electric Power today announced that 7,209 megawatts (MW) of the company's unregulated generation fleet in the PJM Interconnection cleared the capacity auction for the 2018-2019 delivery year, representing all of the capacity that AEP Generation Resources bid into the auction.

Auction results for 2018-2019 were announced Aug. 21 at a clearing price of $164.77/megawatt-day.

PJM also held two transitional auctions to incorporate capacity performance into its previous auctions for the 2016-2017 and 2017-2018 delivery years. In the 2016-2017 transitional auction completed Aug. 31, AEP Generation Resources cleared 7,169 MW at $134/megawatt-day. This replaces the original capacity auction clearing price of $59/megawatt-day for 2016-2017. AEP Generation Resources cleared 6,495 MW at $151.50/megawatt-day in the 2017-2018 transitional auction results announced Sept. 9, replacing the original auction clearing price of $120/megawatt-day.

Additional details from AEP are available in this disclosure

Tags:
AEP   Capacity Markets   Wholesale  

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