PJM Tuesday filed an amicus curiae brief with the United States District Court in Illinois regarding the state’s zero emission credit program.
PJM believes the program will substantially harm the wholesale electricity markets that PJM operates, as well as the investors, competitive energy providers, and (ultimately) consumers that rely on PJM’s markets to provide adequate and reliable electricity at the lowest efficient price.
Currently, PJM has no rules to accommodate subsidies while protecting price integrity. PJM would, however, rather work to find ways to accommodate programs such as the ZEC, because they clearly represent a state trying to advance an entirely valid environmental or social interest. Such an accommodation would require changes to PJM’s current market rules – changes that it cannot effect unilaterally without engagement from states and stakeholders.