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P3 is a non-profit organization that supports the development of properly designed and well functioning markets in the PJM region. PJM is a regional transmission organization that manages the supply and movement of power in 13 states and the District of Columbia. Combined, P3 members own approximately 65,000 megawatts of generation assets in PJM, and produce enough power to supply over 50 million homes in the PJM region covering 13 states and the District of Columbia.

P3 members believe that properly designed and well-functioning competitive wholesale electricity markets are the most effective means of

  • ensuring a reliable supply of power to the PJM region,
  • facilitating investments in alternative energy and demand response technology; and,
  • delivering beneficial results to consumers.

The P3 Group shall promote policies at the federal and state level that will allow the PJM region to fulfill the promise of these competitive markets.

P3 supports:

  • Transparent price signals to and from consumers so that they may be the ultimate drivers of the competitive market.
  • Effective and independent market monitoring consistent with well-defined rules to identify and prevent market power abuse or gaming to promote confidence among state regulators and market participants.
  • Policies that support effective scarcity pricing mechanisms which would allow generation, transmission and demand response to compete on equal footing. 
  • Capacity markets as a tool to encourage long term capital investments in existing as well as new generation resources.
  • Real opportunities for consumers to participate in the market through demand response, energy efficiency and other consumer-driven programs.
  • Stable state and regional retail policies, such as default procurement auctions, that leverage the benefits of wholesale competition.
  • The development and promotion of renewable and alternative energy generation within the framework of a competitive market.
  • The continuous improvement of “seams” issues both with regions surrounding PJM.
  • A common set of environmental standards (air and water) throughout the PJM footprint that take into consideration reliability and price.

P3 members include: