Overview
- PJM's board approved keeping its capacity market "price collar" in place, capping what generators can earn for the period from mid-2028 to mid-2030.
- The grid operator projects the extension could save consumers across the PJM region roughly $27 billion by the end of the decade.
- The move follows pressure from the White House and a bipartisan group of governors who urged continued price limits and longer-term procurement options.
- PJM plans to file the rule changes with federal energy regulators soon for approval.
- Maryland regulators separately approved discounted utility rates for assistance recipients starting Jan. 1, 2027, as BGE calls the PJM step near-term relief and notes the state imports about 40% of its power.