Anatomy of Plan to Control Sky High Electricity Rates

What is happening? It is not just Texas grappling with how to control for sky high spikes in electricity rates. On the East Coast, the The Energy Price Formation Senior Task Force, will offer recommendations to PJM Markets & Reliability Committee for approval.

Why is this important? The goal is to prevent bankruptcies among market participants, retail customers and municipalities along with a loss of investor confidence in the grid operator’s markets.

Utility Dive | State regulators urge PJM to adopt ‘circuit breaker’ to prevent extreme prices in emergencies