Full Title: Competitive Electricity Markets Spotlight: PJM Interconnection
Author(s): Electric Power Supply Association (EPSA)
Publisher(s): Electric Power Supply Association (EPSA)
Publication Date: February 26, 2021
Full Text: Download Resource
Description (excerpt):
The PJM Interconnection electric grid system (PJM) is America’s largest electric grid operator and runs the nation’s biggest competitive wholesale power market— serving more than 65 million Americans in 13 states and the District of Columbia.
More than 20 years ago, competitive wholesale electricity markets were established in many parts of the U.S. to help reduce power generation costs, increase competition and choice, open the door to innovation, and enhance efficiency and operations. This new competitive era replaced an inflexible, vertically integrated monopoly utility model that was cost prohibitive and failed to incentivize new technology. As competitive power suppliers, EPSA members have since delivered substantial economic benefits to consumers and businesses – by quickly adapting to and investing in the lowest-cost, most efficient resources, and achieving lasting widespread, regional electric reliability.