The operator of the largest U.S. power market said it can meet the Obama administration’s sweeping goals to tackle climate change while limiting the impact on power prices to a less than 3 percent rise.
Power suppliers in the market, which covers parts of the U.S. mid-Atlantic and Midwest, can meet emission reduction targets for less than $2 a megawatt-hour, or 1 to 3 percent of average wholesale electricity costs, PJM Interconnection LLC, said in a report Thursday. Even with the added expense, the system will continue to attract new generators to satisfy the region’s growing power needs, the report found.
