Pennsylvania Governor and PJM reach agreement over capacity payments

(Reuters) – Pennsylvania Governor Josh Shapiron said on Tuesday that he reached the interconnection of Grid Operator PAMM on his last complaint on his own electricity rules and more than $ 21 billion energy expenditures.

The agreement will save consumers from all 13 countries raises excessive prices, which PJM distributes electricity, Shapiro reports.

In December, Shapiro filed a complaint against PJM’s interconnection against PJM, criticizing the shortcomings of PJM’s capacity auction design, which threatening to increase significant prices.

According to the agreement, the reduction of the price of the upcoming PJM has been reduced from more than $ 500 to $ 325 per megawatt-day, preventing billions of energy costs for 65 million people in the region.

(Reported Sarah S. In Kurshi Bengalur; Editing by Nia Williams)