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BPU convenes resource‑adequacy technical conference as PJM prices spike
Summary
Board of Public Utilities officials and regional experts met for a technical conference to review how PJM’s capacity market works, why recent auctions cleared at high prices, and what New Jersey can do—through storage, efficiency, transmission and new rules—to protect ratepayers while maintaining reliability.
The New Jersey Board of Public Utilities convened a Resource Adequacy Technical Conference to brief the public and stakeholders on PJM’s capacity market and state actions to protect reliability and control costs.
Board President Christine Golcidobe opened the conference saying the state needs “more electricity capacity at the lowest possible cost” and called for review of state roles in PJM governance. Paul Uchak of the BPU’s Office of Federal and Regional Policy led an educational session explaining capacity‑market mechanics, the “missing‑money” problem that capacity markets are designed to address, and why small…
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