PJM and the capacity crunch

In this episode of Catalyst, Shayle Kann interviews Steve Piper from S&P Global about the PJM capacity auction, a critical event for the Mid-Atlantic electricity market. They discuss the auction's mechanics, its role in signaling the need for reliable capacity, and the recent surge in capacity prices. The conversation highlights the impact of increased demand, particularly from data centers, and the implications for resource adequacy and retail electricity prices. They also touch on the challenges and opportunities for demand response and the broader trends in capacity markets across the United States.