Energy Market Snapshot: Capacity News-August 19, 2024

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…

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…

Energy Market Snapshot: Why Now Is the Time to Secure Your Energy Contracts

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…

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…