EPSA
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Markets
PJM’s Record-High Capacity Prices Spark Sector Reckoning as Market Signals, Policy Battles Intensify
Capacity prices in PJM Interconnection’s latest auction spiked to the market’s price ceiling, hitting $329.17/MW-day across the board for the 2026/2027 delivery year—the maximum allowed under new Federal Energy Regulatory Commission (FERC) rules. The regional transmission organization’s (RTO’s) competitive Base Residual Auction (BRA), conducted on July 9, 2025, and released on July 22, secured 134,311 […]
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Legal & Regulatory
How Regulatory Burdens and Misguided Incentives Are Degrading Power System Reliability
It’s no secret that the U.S. electric power system has undergone a remarkable transition that continues today. Coal-fired generation, which was the leading source of power generation during the 20th century, often providing more than half of the country’s electricity supply, fell to about 16.2% of the mix in 2023. Meanwhile, the U.S. solar market […]
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Legal & Regulatory
Are PJM’s Plunging Capacity Prices a Harbinger of Power Markets’ Demise?
Few observers outside the electric utility industry understand the U.S. power grid, often called the world’s largest machine. It’s three grids, actually—the Eastern Interconnect, the Western Interconnect, and the Texas Interconnect. Much of the Eastern and Western Interconnects are subdivided regionally into independent organizations—independent system operators (ISOs) or regional transmission operators (RTOs)—that monitor, coordinate, and […]
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Renewables
Competition Is More Important Than Ever to Tackle Today’s Energy Challenges
As we commemorate another Earth Day this April, the challenges facing our energy systems and the environment seem more pressing than ever. Americans face continued economic uncertainty following the COVID-19
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Markets
Market Transitions: The MOPR Merry-Go-Round
The PJM Interconnection’s Minimum Offer Price Rule (MOPR) was introduced in 2006 as a floor to bar new generators from artificially depressing capacity auction clearing prices through below-cost bids.
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Legal & Regulatory
Avoiding an ‘American Nightmare’—Cybersecurity Initiatives in the Power Sector
Cyberattacks on the U.S. energy system threaten our national security and way of life. While the sources of such risks may be debatable, the threats are real and the potential consequences are grave. Former
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Press Releases
EPSA Condemns Capitol Violence, Urges Peaceful Transfer of Power
WASHINGTON, D.C. (Jan. 6, 2021) – The head of the Electric Power Supply Association (EPSA), the trade association representing competitive power suppliers, today condemned armed violence at the nation’s Capitol. Todd A. Snitchler, EPSA’s president and CEO, released the following statement: “The peaceful transfer of power is the cornerstone of our democracy. At EPSA we […]
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News
2020: A Year of Reckoning for Competitive Generators
Over the past year, power generators that depend on wholesale electricity markets for the bulk of their revenues endured remarkable pressure stemming from the pandemic, changing company business priorities, and environmentally driven policy shifts. But customer-centric efforts, founded on principles of healthy competition, have helped them persevere, said the Electric Power Supply Association (EPSA). The […]
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Workforce
Power Industry Pleads for Priority COVID-19 Testing, PPE for Mission-Essential Workers
The U.S. power sector is rallying together to implore state and local governments to treat sector-wide “mission-essential employees” with higher priority and ensure they have top-level access to testing and personal protective equipment (PPE) amid the intensifying COVID-19 pandemic. In a four-page April 2 white paper presumably addressing federal leadership, the Electricity Subsector Coordinating Council […]
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Markets
PJM Stakeholders at Odds on Timing for Next Capacity Auction
PJM Interconnection will not run a base residual auction (BRA) until the Federal Energy Regulatory Commission (FERC) approves recalculated Minimum Offer Price Rule (MOPR) floor prices for new and existing resources as directed by the federal entity’s ground-shaking Dec. 19 capacity market order. But when that will occur is still highly uncertain. In a presentation […]