PJM, the entity responsible for transmission grids from the mid-Atlantic coast to the shores of Lake Michigan, just closed its first auction for grid resources under its new capacity performance regime. The results are bad for both demand response and some nuclear power plants. PJM <a href="http://insidelines.pjm.com/pjm-capacity-auction-sees-strong-response-from-market-participants/" >announced</a> Tuesday that its Base Residual Auction for capacity for the 2020-2021 period cleared a price of $76.53 per megawatt-day, well below the prices of $80 to $100 from <a href="http://www.pjm.com/~/media/markets-ops/rpm/rpm-auction-info/2019-2020-base-residual-auction-report.ashx" >last year’s auction</a>. Capacity prices were higher in more congested or heavily populated parts of PJM’s territory. But with the exception of its Eastern Maryland region, they were lower than last year’s prices, largely due to the expectation of continued low natural gas prices for years to come. These clearing prices were too low for some nuclear power plants that haven’t yet received <a href="https://www.greentechmedia.com/articles/read/a-survivors-guide-to-the-debate-over-existing-nuclear-plants">state zero-carbon incentives</a>. Exelon announced Wednesday that its Three Mile <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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