FEDERAL OFFICIALS DELAY GRID OPERATOR’S SCHEME TO BEEF UP PEAK POWER CAPACITY
Worry is that proposal to address reliability issues could cause prices to spike
The federal government has temporarily put on hold a proposal by the operator of the nation’s largest power grid, a plan greeted with widespread criticism from state regulators in New Jersey and elsewhere, which they feared would lead to price spikes for consumers.
The proposal by PJM Interconnection is aimed at addressing reliability issues on the power grid to improve operational capability of suppliers during peak periods. In part, it was drawn up after an unusual cold snap in the winter of 2014 strained power supplies, a rare occurrence during that season.