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Councilman Mosley warns PJM capacity auction could raise local electric bills
3005104 · February 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Councilman Matt Mosley told the council that a capacity auction administered by PJM Interconnection produced an 800% increase in some costs and that households could see 10–15% higher electric bills beginning in June; he offered energy-saving suggestions to residents.
Councilman Matt Mosley told the Brooklyn City Council that a recent PJM Interconnection capacity auction produced a sharp increase in capacity costs and warned the increase could translate to higher electric bills for local households beginning in June.
Mosley said the auction last June…
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