PJM Interconnection, the largest grid operator in the United States, has suspended its one-time backstop capacity auction plan, initially designed to address a 6.8-gigawatt shortfall. This decision follows the Federal Energy Regulatory Commission’s (FERC) review of the auction plan, which was intended to support rising data center demand in the region. The delay will remain in effect until February 28, while FERC conducts a paper hearing to resolve outstanding issues. This situation reflects regulatory caution regarding PJM’s emergency-style procurement efforts.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
