Respectfully urges Federal Energy Regulatory Commission to reject results of PJM Interconnection, L.L.C.'s 2025/2026 Base Residual Auction and require rebid.

This New Jersey Senate resolution (SR 133) requests the Federal Energy Regulatory Commission (FERC) to reject the results of PJM Interconnection's 2025/2026 electricity capacity auction and require a new auction. It cites an unprecedented price spike - nearly 10 times higher than prior years - that would raise average New Jersey residential electricity bills by 17-20% starting June 2025. The resolution argues flaws in PJM’s market rules, identified by New Jersey’s energy regulators and an independent monitor, may have caused artificial supply shortages and inaccurate pricing. As a symbolic measure (not a binding law), it directly affects New Jersey ratepayers who rely on the Basic Generation Service auction to secure electricity.