In today’s USEA Power Sector Podcast, economist Dr. Joseph Bowring, President of Monitoring Analytics, the independent market monitor for system operator PJM Interconnection answered questions by journalist Herman K. Trabish about how PJM’s capacity market is designed to ensure resources are adequate to meet demand spikes, what the strengths and weaknesses of the capacity market approach to resource adequacy are, and why prices in PJM’s most recent capacity auction spiked to record highs.