PJM officials defend queue reforms, warn demand growth outpaced forecasts
PJM told New Jersey lawmakers March 28 that a rapid uptick in demand—driven by data centers and electrification—combined with market‑rule changes and interconnection backlogs produced the recent capacity‑market price spike. PJM described queue reforms, a reliability resource initiative and filings to FERC as steps to restore stability.
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PJM Interconnection executives told a joint state hearing that the regional grid operator has advanced a set of market and queue reforms but warned those changes take time to lower prices.
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