PJM’s $12 Billion Modeling Error Earlier this year, we explained that rising power bills for residents of the PJM area—America's largest electricity market—were primarily due to PJM’s auction design choices and modeling practices. An Energy Model team spent six months reverse-engineering PJM’s main system model, the ‘Reserve Requirement Study,’ which determines what types and quantities

Several major utility companies, including Exelon, PPL, and FirstEnergy, are petitioning state officials to permit the construction of power generation facilities within the Mid-Atlantic region as electricity demand rises for the first time in decades. While utilities are currently allowed to build generation in competitive markets, this request aims to transfer investment risks to residential