PJM 2028/29 BRA results Jul 14 / cleared $325/MW-day cap every LDA / 138,318 MW UCAP / $16.4B / reserve margin 14.7% BUT 6,831 MW below 1-in-10 requirement / first-ever shortfall / 525 MW new gen / IMM: $6.3B 38% DC-driven, $29.4B 46% across 4 BRAs / separate DC auction demanded / EL26-63 IMM sides with Maryland OPC
The result the whole month was waiting for landed Tuesday July 14 after 4 PM ET: PJM procured 138,318 MW UCAP (149,182 MW counting FRR) at $325/MW-day — the FERC-approved collar cap — uniform across every locational deliverability area. Total cost: $16.4...