PJM Capacity Price Shock and its Effect on Your Electric Budget

In July 2024, the PJM Capacity Price Auction saw a staggering 933% increase. This spike is attributed to persistent electric generation supply tightness, with new generation capacity unlikely to alleviate the shortfall for years.

Learning Objectives:

1. Review your current electric power supply contract.

2. Adjust your budget starting June 2025.

3. Implement a robust strategy for managing capacity and energy consumption.

   
   

   Attendees will receive 1 hour of CEU credits from NOSHE.

Presented by John Verdile

President | XpenseSolutions

Energy Advisory Services

Over the past 30 years, John J. Verdile, President and Founder of XpenseSolutions has partnered with clients to develop overarching energy programs that address price, operational and process efficiency goals.

John has been involved in managing energy programs that range in size from $20,000 to over $125 million dollars in annual energy spend and has developed and implemented energy efficiency projects from $10,000 to $15 million dollars. Most recently completing a 2,400 ton chiller plant modernization for a health system in South Florida in early 2024.

Previous to starting XpenseSolutions, John was Director of Energy Consulting for the one of the nation’s largest investor owned utility companies, where he was responsible for managing an $800 million dollar energy portfolio. Today XpenseSolutions serves over 1,500 energy accounts throughout North America.