How does pjm auction work

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The auction is getting close to procuring all of the resources it needs, so the next few bids are critical to determining what the price will be. DemandTwo, another demand response provider, is at bat now.

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Maybe you are looking for Each PJM member that provides electricity to consumers must acquire enough power supply resources to meet demand not only for today and tomorrow but for the future. Members secure these resources for the future through the PJM capacity market.

Think of this like an insurance policy — for a small additional cost payment to resources which perform well , consumers will have greater protection from power interruptions and price spikes during weather extremes.