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Prices at PJM Interconnection’s 2025/2026 base residual auction (BRA) spiked to $ 269.92/MW-day for most resources in the wholesale power market, pointing to a tightening supply-demand balance that could have significant […]
The post PJM Capacity Auction Prices Surge Over Nine-Fold, Signal Urgent Need for New Power Generation appeared first on POWER Magazine.
The post NRG Will Close 3 Coal Plants After Poor Auction Results appeared first on POWER Magazine.
NRG Energy Inc. said it will retire three coal-fired power plants—two in Illinois and one in Delaware—next year after disappointing results in the May 2021 capacity auction for the PJM Interconnection.
NRG during its June 17 investor day presentation said about 1.6 GW of coal-fired generation would be closed, including the 682-MW Waukegan and 510-MW Will County (Romeoville) plants in Illinois, along with the 410-MW Indian River plant in Delaware. The announcement was made by Christopher Moser, NRG’s executive vice president of operations. The plants account for about 55% of NRG’s coal-fired generation capacity in PJM.
“Closing these plants was a difficult, but necessary decision,” NRG said in a statement.
Moser said the three facilities would be retired in June 2022. …