JM’s recent capacity auction has sent shockwaves through the energy industry. Capacity costs are set to skyrocket from $2.2 billion to $14.7 billion for the 2025/26 delivery year. Power plant retirements, increased load, and new market rules drive this unprecedented 568% increase. Key takeaways: Wondering what it means to your business? Reach out to our…
Natural Gas Market Update: Cooler Temps Bring Storage Boost Supply Holds Steady as Injections Pick Up Natural gas supply remained stable at around 102.0 Bcf/d this past week. The cooler second half of August has recently led to stronger storage injections, with five of the last six injections approaching the five-year average. Last week’s EIA…
August 21, 2024 Cleveland—TPI Efficiency, a leading energy broker and efficiency consulting company and part of the ScaleCo Fund IV, is pleased to announce Joe Kennedy’s appointment as its new Chief Financial Officer. In this role, Mr. Kennedy will drive sales growth, develop and execute sales strategies, and expand the company’s customer base. “I am…
2025/2026 Capacity Auction Results Impact on Electricity Costs: The capacity charge portion of your electricity rate will see a sharp increase in June of 2025 through May of 2026 due to a record high capacity auction this past July. This change will affect all future and existing contracts. Contract implications: Suppliers do not normally pass…
Weather Outlook Natural Gas Market Update 2025/2026 Capacity Auction Results Why Consider Buying Now? Stay informed and consider strategic energy decisions in light of these developments.
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…
The latest PJM capacity auction has dramatically increased prices, reflecting a tightening supply and demand balance across the region. The auction, which secures power supply resources from June 1, 2025, through May 31, 2026, saw capacity prices rise nearly tenfold compared to previous years. Key Highlights:
Natural Gas Market Update: Record-Breaking Production, but for How Long? Natural gas production in the U.S. has reached unprecedented levels, consistently surpassing 100 Bcf/d. Last week’s report showed output at an impressive 101.5 Bcf/d. However, this abundance may not last. Industry experts anticipate potential production cuts by suppliers in the near future, aimed at reducing…