Full Title: Advancing Zero Emissions Objectives through PJM’s Energy Markets: A Review of Carbon-Pricing Frameworks
Author(s):
Publisher(s): PJM Interconnection
Publication Date: August 1, 2017
Full Text: Download Resource
Description (excerpt):
PJM Interconnection believes market design can advance state policy initiatives and adapt to changing conditions to ensure the PJM region continues to reap the benefits of competitive markets. To address the desire of some states to subsidize supply resources to meet carbon-reduction initiatives, this paper explores how all or a subregion of PJM could affix a price on carbon that could be reflected in wholesale energy market prices. Specifically, we examine how regional and subregional carbon pricing could be implemented in the region PJM serves.