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Utilities warn of PJM-region supply squeeze, urge ‘all-of-the-above’ response including transmission, storage and targeted generation
Summary
Presenters to the House Environment and Transportation Committee said recent spikes in capacity prices and a wave of generator retirements have raised supply risks in Maryland and the PJM region, driving higher bills. Utilities and generators urged faster transmission upgrades, more storage and clearer rules for regulated utility participation.
Baltimore Gas & Electric and other presenters told the House Environment and Transportation Committee on Wednesday that Maryland faces a regional supply shortfall that has driven wholesale and retail price volatility, and that solving it will require multiple tools.
"We do not have enough supply," said John Frey, vice president of regulatory policy and strategy for Baltimore Gas and Electric, describing capacity-price moves that rose from roughly $30 per megawatt-day to an emergency-capped $329 per megawatt-day. Frey said those capacity and generation-price increases — not delivery-rate regulation — account for much of the recent upward pressure on customers’ bills.
Frey and other panelists pointed to a mix of older generators retiring and rising peak demand, a dynamic they said has…
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