Broad Energy Industry Coalition Encourages PJM to Continue to Examine Carbon Pricing in its Electricity Market

Press Release

Jun 30 2020

June 30, 2020 Washington D.C. As U.S. policymakers look for cost-effective ways to tackle climate change, a diverse coalition of power generators, trade associations, and think tanks last week sent a letter encouraging PJM to continue its examination of the policy options and implications of carbon pricing in its market. The request comes at a time when many states in PJM either have, or are considering, policies that reduce carbon emissions in the electric sector and are grappling with how best to reconcile those policies with wholesale markets.

As states consider policy levers to reduce carbon emissions and integrate cleaner power generation technology, carbon pricing can be a powerful, efficient, and cost-effective tool to drive down emissions and help achieve state goals, while preserving the economic benefits of competitive wholesale electricity markets.
The request does not recommend that PJM integrate a carbon price into its market at this time, or the specific method by which it could do so in the future. Rather, in light of the continued and heightened focus by states in the PJM market on reducing carbon emissions from power generation, the letter emphasizes the importance of PJM continuing its efforts to consider integrating carbon pricing in its market and exploring the practical, technical, and implementation issues related to how PJM’s markets can potentially account for state policy through carbon pricing.
The letter’s full list of signatories: Advanced Energy Economy, American Council on Renewable Energy, American Wind Energy Association, Apex Clean Energy, Aztec Solar, BayWa r.e. Solar Projects, Clearway Energy GroupCompetitive Power Ventures, Cypress Creek Renewables, Delaware Division of the Public Advocate, Eastern Generation, Ecoplexus, EDF Renewables, EDP Renewables North America, Enel North America, ENGIE North America, First Solar, Invenergy, Lightsource BP, Natural Gas Supply Association, Orsted North America, Pine Gate Renewables, Recurrent Energy, R Street Institute, RWE Renewables Americas, Skyline Renewables, Solar Energy Industries Association, Southern Current, and Vistra Energy.


Become a Member

Elevate Your Business with Insider Access:

  • Policy Direction: Your voice in critical industry discussions.
  • Exclusive Networking: Learn directly from key players in clean energy.
  • Insider Information: First-hand access to policy insights and premier events.
  • Advanced Tools: Our proprietary data at your fingertips to drive growth.

Act now to become a defining part of clean energy’s future.

Stay informed

Take Action

Subscribe to American Clean Power and receive the latest clean energy news, policy updates, and opportunities to get involved.