July 31, 2024 CUB Statement On Capacity Market Price Spike That Will Impact June 2025 Com Ed Bills
PJM Interconnection announced the results of its latest capacity auction. For the majority of the PJM region, capacity prices for the 2025/26 delivery year hit record highs, to $269.92/MW-day, up from $28.92/MW-day in the last auction. This will impact ComEd electricity bills in June of 2025. Capacity prices are a portion of ComEd’s supply rate–it is not immediately clear how much this will increase overall bills.