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
Take Steps This Summer to Mitigate Your 2027/2028 Capacity Costs The start of this summer’s capacity cost management period is less than one week away. For customers on generation contracts that pass through capacity charges, these charges are based on the customer’s metered demand during the five one-hour intervals when demand on PJM’s electric grid … Continued
Ohio Energy Leadership Summit to Take Place on June 16, 2026 in Cleveland The inaugural Ohio Energy Leadership Summit: The Definitive Commercial & Industrial Utility Rate and Energy Strategy Conference will take place on Tuesday, June 16 at the Hilton Cleveland Downtown (100 Lakeside Avenue East, Cleveland, Ohio 44114). The conference is scheduled to kick … Continued
Ohio Senate Bill 103 Takes Effect On March 20, 2026, Ohio Senate Bill 103 (SB 103) went into effect after being signed into law by Governor Mike DeWine on December 19, 2025. SB 103 introduces structural changes to natural gas ratemaking, with a focus on large-load customer treatment, cost recovery mechanisms, and regulatory timelines. The … Continued
PJM Pursuing Extension of Existing Capacity Price Cap Through 2029/2030 Delivery Year In a February 12 letter to stakeholders, the PJM Board of Managers (“PJM Board”) announced its intent to pursue an extension of the existing capacity price collar that applies to the 2026/2027 and 2027/2028 delivery years (DYs) for the next two capacity auctions. … Continued
Extreme Cold Results in Elevated Spot Prices and Extended Risk for AEP Zone 1CP Beginning on January 24, a disrupted polar vortex sent temperatures across the central and eastern United States into a deep freeze. These prolonged subzero temperatures have resulted in elevated real-time and day-ahead hourly spot electric prices for customers throughout the PJM … Continued
PJM Releases 2027/2028 Delivery Year BRA Results On December 17, 2025, PJM Interconnection announced the results of its Planning Year 2027/2028 Base Residual Auction (BRA). The auction procured 134,478.1 megawatts (MW) of unforced capacity from generation resources and demand response across the Regional Transmission Organization (RTO). The auction cleared at $333.44 per MW-day for the … Continued
PJM Releases 2027/2028 Delivery Year BRA Results On December 17, 2025, PJM Interconnection announced the results of its Planning Year 2027/2028 Base Residual Auction (BRA). The auction procured 134,478.1 megawatts (MW) of unforced capacity from generation resources and demand response across the Regional Transmission Organization (RTO). The auction cleared at $333.44 per MW-day for the … Continued