Some good news! Accelerating the interconnection process for new resources is a huge step in improving resource adequacy for our ever-increasing demand and facilitating the energy transition to renewables.
PJM and its members are advancing several initiatives to streamline the interconnection of new resources onto the grid to maintain grid reliability in the near term. Read more at PJM Inside Lines. https://lnkd.in/epAerYtd
PJM and its members are advancing several initiatives to streamline the interconnection of new resources onto the grid to maintain grid reliability in the near term. Read more at PJM Inside Lines. https://lnkd.in/epAerYtd
The PJM Board of Managers has approved updates to the Regional Transmission Expansion Plan (RTEP), including new reliability projects, scope changes, and the cancellation of outdated initiatives. These enhancements will ensure a more efficient, economical, and reliable power supply for the 65 million people PJM serves across 13 states and the District of Columbia. Learn more about the future of our energy grid. Read more here: https://lnkd.in/dtzzKV7q #EnergyInfrastructure #GridUpgrades #PJMInterconnection #ReliablePower #TransmissionPlanning
“PJM is considering three avenues for helping to get generation online more quickly, according to a presentation at the meeting. They include reforming the process for transferring capacity interconnection rights from deactivating power plants to other resources; changing the process for using surplus interconnection capacity; and the Reliability Resource Initiative.”
Today RMI released a new report on the benefits grid-enhancing technologies (GETs) can offer the PJM region. Some key takeaways: ?Facilitate the cost-effective interconnection of 6.6 GW of new capacity from the existing PJM queue within the next three years. ?GETs-enabled new generators and reduced congestion would reduce energy production costs by just under $1 billion in 2027, increasing to more than $1 billion in savings annually by 2030. The analysis examined the potential for GETs to facilitate the cost-effective interconnection of new generation across five PJM states: Illinois, Indiana, Ohio, Pennsylvania, and Virginia. Given the enormous cost savings with comparatively small upfront costs, GETs should be considered across all regional planning processes. Check out the report: https://lnkd.in/egDq6xRY
?? Reregulation on the Horizon? ?? The PJM Interconnection recently announced record-high capacity prices of $14.7 billion for the 2025/26 delivery year—an enormous leap from $2.2 billion in the last auction. With the next auction set for early December, many expect similarly high prices, potentially leading to $30 billion in capacity costs over just two years. How will utilities and states navigate this new landscape? Read about this and more in this week's Notable News. https://conta.cc/3ZjJtMy
Without major reforms or market innovations, most projects entering PJM’s interconnection queue today are unlikely to come online before 2030. Read more here! #PJM #energyindustry #energynews https://lnkd.in/ek_TWaF2
???? Ever wondered what happens when two major grid operators decide to play nice? PJM and MISO are teaming up to study transmission upgrades that could revolutionize interregional power flows. Imagine a future where power moves seamlessly across regions, boosting reliability and slashing costs. This could be a game-changer for our energy landscape. What are your thoughts on this collaboration? https://lnkd.in/gBp7y7d2 As someone who's seen the chaos of grid failures firsthand, I can't stress enough how crucial this initiative is. I remember the blackout of 2003—no power, no lights, just chaos. This study could prevent such nightmares. ?? Did you know? A study found that increased transfer capacity between MISO and PJM could save over $15 billion by 2035. ?? ?? What do you think? Will this collaboration solve our grid issues or is it just another bureaucratic exercise? Share your thoughts below!
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The White House is launching a Federal-State Modern Grid Deployment Initiative, with commitments from 21 states. The initiative aims to bring together states, federal entities, and power sector stakeholders to help drive grid adaptation quickly and cost-effectively. Participating states have committed to prioritize efforts that support the adoption of modern grid solutions to expand grid capacity and build modern grid capabilities on both new and existing transmission and distribution lines.
Central planning is important!?Excellent to see FERC issue the landmark Order 1920 requiring the operators of the US grid to plan for 20 years of accelerated load growth and invest in transmission appropriately to connect new distributed resources.?This implementation needs to progress in a hurry – and this Order promises to push a necessary buildout of infrastructure across regions to get our domestic energy resources onto the grid.? ? https://lnkd.in/eAydxM6R
The demand for electricity in the PJM footprint could grow by 40% over the next 15 years, driving the need for an upgraded, expanded transmission system capable of carrying additional generation to more than 65 million people across 13 states and Washington, D.C. In parallel with developing ways to get new generation onto the grid swiftly, PJM and stakeholders spent much of the year focused on devising transmission solutions and improving the long-term planning process. Read more at PJM Inside Lines. https://lnkd.in/edXVTnvH
