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PJM officials defend queue reforms, warn demand growth outpaced forecasts
Summary
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.
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.
PJM’s message: the system faces a changed demand picture and a backlog of interconnection applications. Asim Haq, senior vice president for governmental member services, said PJM’s footprint historically had flat demand and abundant supply, which allowed policies to be implemented without tight short‑term consequences. In the last two to three years, Haq said, demand has surged in certain zones because of large data center projects and electrification trends. That faster‑than‑expected growth, together with retirements of some thermal…
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