A Tightening Grid Sends Summer Spot Prices Past $1,000/MWh The rapid growth in power demand, driven largely by data centers, has strained PJM’s existing generation fleet during periods of extreme summer weather. During the early- and mid-July heat waves this year, demand on the grid approached available system capacity, forcing PJM to rely on its … Continued
PJM BRA Again Clears at Price Cap, Backstop Auction Being Planned for September On July 14, PJM released the results of its Base Residual Auction for the June 1, 2028 through May 31, 2029 delivery year. The auction cleared at the federally approved price cap of $325.00 per MW-day across the entire PJM footprint, including … Continued
Inaugural Ohio Energy Leadership Summit Brings Ohio Energy Users Together in Cleveland The inaugural Ohio Energy Leadership Summit (“Summit”) took place on Tuesday, June 16, at the Hilton Cleveland Downtown, bringing together approximately 140 commercial and industrial energy users, electric and gas distribution utility executives, legislators, and other energy professionals for a full day of … Continued