"Report: 58 GW of Power Generation to Shut in Largest U.S. Grid by 2030"

TL;DR Summary
PJM Interconnection, the largest U.S. power grid, may face the shutdown of up to 58,000 MW of mostly fossil fuel power generating capacity by 2030, potentially leading to increased consumer prices, as per a report by PJM's Independent Market Monitor. Factors contributing to this risk include a significant decline in prices in the region's capacity market, lower coal and natural gas prices, and regulatory requirements. The report emphasizes the need for securing replacement capacity to mitigate potential utility cost increases for consumers in the region.
Topics:business#energy#energy-market#fossil-fuels#pjm-interconnection#power-generation#utility-costs
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