HARRISBURG – Gov. Josh Shapiro has reached an agreement with PJM Interconnection on a plan to resolve his recent lawsuit and to save consumers over $21 billion over the next two years. In December, Shapiro filed a complaint with the Federal Energy Regulatory Commission against PJM Interconnection, criticizing flaws in PJM’s capacity auction design that threatened to impose significant new price increases. The agreement will avoid price hikes on consumers across all 13 states PJM serves, including PA. Left unaddressed, PJM’s next capacity auction scheduled for July 2025 would have resulted in billions in unnecessary energy costs for 65 million people across the region. The Governor worked with PJM to lower the capacity auction price cap from over $500/Megawatt-Day to $325/MW-Day – averting a runaway auction price that would have increased energy bills.
GOV. JOSH SHAPIRO