Scaling Clean: Assessing Market Options for Clean Energy and Capacity in PJM

The report examines the role of carbon-free energy in the PJM market and evaluates two proposed market designs—the Forward Clean Energy Market and the Integrated Clean Capacity Market—to improve the integration of clean resources. It argues that accurately accounting for the capacity value of clean energy reduces costs and emissions, and suggests that a regional, standardized clean energy procurement process could accelerate the retirement of fossil assets and the deployment of clean energy.

• Accurately accounting for the capacity value of clean energy resources leads to lower costs and a reduction in emissions.
• The two proposed market designs (Forward Clean Energy Market and Integrated Clean Capacity Market) and the current status quo would yield the same 'optimal' results if all market participants correctly account for the capacity value of clean resources.
• State carve-out policies, such as those targeting specific technologies or in-state generation, have significant implications for emissions and costs that must be weighed against their benefits.
• The deployment of clean energy and the retirement of fossil assets would be accelerated if a centralized clean energy market attracted more voluntary demand from new buyers.

APA

RMI (2022). Scaling Clean: Assessing Market Options for Clean Energy and Capacity in PJM. https://rmi.org/resources/assessing-market-options-for-clean-energy-and-capacity-in-pjm/

Chicago

RMI. Scaling Clean: Assessing Market Options for Clean Energy and Capacity in PJM. 2022. https://rmi.org/resources/assessing-market-options-for-clean-energy-and-capacity-in-pjm/.

Wikipedia

{{cite report |author=RMI |title=Scaling Clean: Assessing Market Options for Clean Energy and Capacity in PJM |date=8 March 2022 |url=https://rmi.org/resources/assessing-market-options-for-clean-energy-and-capacity-in-pjm/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2022scaling, author = {{RMI}}, title = {{Scaling Clean: Assessing Market Options for Clean Energy and Capacity in PJM}}, institution = {RMI}, year = {2022}, month = mar, url = {https://rmi.org/resources/assessing-market-options-for-clean-energy-and-capacity-in-pjm/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }