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Exelon asks FERC to move PJM capacity auctions closer to power delivery

The November 4 complaint seeks a timing change, not an approved bill reduction. Exelon says broader supply and market reforms are still needed.

By Greener Numbers Editorial Team · Published November 4, 2026 · Updated 11/4/2026

Exelon said on November 4 that it filed a complaint with the Federal Energy Regulatory Commission challenging PJM Interconnection's capacity auction schedule. The company is asking the regulator to require auctions closer to the period when electricity will be delivered. The announcement describes a request for a market-rule change, not an order granting it.

The company argues that the current schedule locks in capacity costs years before power is needed, while forecasts of supply and demand continue to change. Exelon says the market is producing high prices without encouraging the generation investment it considers necessary. Those are the company's arguments in support of its complaint, not findings by FERC in this announcement.

Under the proposed prompt schedule, procurement decisions would occur nearer the delivery period. Exelon says PJM would then have better information about regional electricity needs and available generation. The release does not provide a new household savings figure or a guaranteed reduction in future capacity prices.

Exelon presents the schedule change as a targeted step while regional stakeholders work on broader market reforms. It says other capacity markets already use prompt auctions, but the announcement does not name those markets or set out a detailed comparison of their rules. The filing should not be read as proof that all regional markets operate the same way.

The company also acknowledges that changing auction timing alone will not solve the region's affordability problems. Its release says PJM needs more generation to keep up with growing electricity demand and supports reforms intended to add supply. Moving an auction date and adding physical generating capacity are separate steps.

For customers, the development is a regulatory proposal to follow rather than an immediate change to a utility bill. The release places it within the company's Exelon Promise affordability campaign. It does not announce an approved tariff, a final FERC decision, or a date on which customers will receive lower bills.