Why the nation’s largest power market wants to stop paying for energy efficiency

The nation’s largest power market, PJM Interconnection, is proposing to stop payments for energy efficiency initiatives, which are meant to encourage households and businesses to use less power. POLITICO’s Catherine Morehouse breaks down PJM’s proposal, how FERC is involved, and why clean energy advocates aren’t thrilled. Plus, the Treasury Department is proposing a rule implementing a potentially lucrative tax credit that could cover nearly a third of the cost for businesses and individuals installing electric vehicle charging stations in low-income and rural areas. Catherine Morehouse is an energy reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is the managing producer for audio at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy