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

RMI analyzes clean energy market options for PJM, arguing that accurately accounting for the capacity value of clean resources reduces costs and emissions. The report evaluates the Forward Clean Energy Market and Integrated Clean Capacity Market designs, noting that while they can produce optimal outcomes, state carve-out policies introduce cost and emission trade-offs. RMI recommends that PJM and RASTF remove barriers to clean energy participation in the capacity market and that states collaborate to define a standardized clean energy product to streamline procurement and accelerate decarbonization.

• Accounting for the capacity value of clean energy resources leads to lower costs and a reduction in emissions.
• The Forward Clean Energy Market and Integrated Clean Capacity Market designs, as well as the status quo, result in identical "optimal" outcomes provided that all market actors accurately account for the capacity value of clean resources.
• State carve-out policies, such as those targeting specific technologies or in-state generation resources, 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 new buyers and increased voluntary demand.

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} }