markets

During the June heat wave, PJM energy prices reached 400$/MWh. The bulk of that went to gas plants. Meanwhile, 34 GW of solar plants, that would have reduced prices significantly, are sitting on PJM's interconnection queue.

There is a phrase that you encounter sometimes when you go through energy systems: "Markets reduce prices". Well, the more careful ones will say "competition reduces prices", but it amounts to the same thing. The thesis is always "Markets encourage competition, and competition reduces prices,