Energy Market Snapshot: Aug. 5, 2024: Capacity Auction News

2025/2026 CAPACITY AUCTION RESULTS The recent PJM capacity auction resulted in a significant price surge to $269.92 per megawatt-day, nearly tenfold last year’s increase. This affects 135,684 MW of capacity for June 2025-May 2026, with a diverse mix of gas, nuclear, coal, and renewables. Higher demand and market reforms are driving these costs. Businesses across…

Peak Demand Alert: ๐Ÿ”ฅ Tues. & Wed. Potential Days

The PJM grid forecasts high daily electricity demand as the hot weather lingers. The hot weather conditions are expected to drive energy demand levels, threatening grid reliability.ย  PJM Forecasted Demand: Monday,ย June 24, 2024Expected Peak Timeframe:ย 5:00 pm – 6:00 pm ESTPotential Peak Demand:ย 132,034ย MW Tuesday,ย June 25, 2024Expected Peak Timeframe:ย 5:00 pm – 6:00 pm ESTPotential Peak Demand:ย 142,450 MW…

PJM Grid: Peak Demand Warning Extended All Week

Expected Peak Demand Warning โš ๏ธ All WeekยญSituation Overview: As the hot weather continues, the PJM grid forecasts high daily electricity demand.ย The hot weather conditions are expected to drive demand levels, posing a threat to grid reliability. Understanding Peak Demand Days Coincident Peak DaysยญA coincident peak day is one of the five highest-demand days during the…

Peak Demand Warning Issued For Next Week

โš ๏ธ Monday, Tuesday & Wednesday = Potential Peak Demand Days! Next week, from Monday to Wednesday, the PJM grid forecasts high electricity demand. The hot weather conditions are expected to drive demand levels, posing a threat to grid reliability. Recommended Action To mitigate the risk of grid instability and potential outages, TPI recommends curtailing your…

Energy Market Snapshot: April 22, 2024

๐ŸŒ Happy Earth Day! ๐ŸŒฑ At TPI, we’re committed to partnering with you on your journey towards sustainability! From energy-efficient LEDs ๐Ÿ’ก to harnessing the power of solar panels โ˜€๏ธ, we offer solutions in renewable energy ๐Ÿƒ, EV charging ๐Ÿš—, and managing Scope 1 & 2 emissions.  Let’s work together to impact our planet positively!…