Prices in biggest US power auction hit $325 a megawatt day
XLU•PJM capacity auction price declines from last round
Prices in the largest U.S. power auction hit $325 a megawatt day, down 2.5% from the last auction price of $333.44, grid operator PJM Interconnection said on Tuesday.
The capacity auction held by PJM, an electrical grid that spreads across 13 Mid-Atlantic and Midwest states, affects the power bills of roughly 67 million people.
