PJM’s 2028/2029 Base Residual Auction, released this week, cleared at the price cap again: $325/MW‑day across the entire PJM footprint, securing about 138,318 MW of capacity (149,182 MW including FRR). Headlines from this week’s auction: How does this compare to recent auctions? Recent BRAs show a clear pattern: capacity is clearing at or very near the…
Capacity costs are climbing fast in PJM, while heat continues to drive strong energy demand. The latest Base Residual Capacity Auction began on June 30, and recent results reflect a major increase in grid costs. Natural gas prices have also edged higher, and July power prices remain elevated after last week’s heat dome.
Capacity costs are climbing fast in PJM, while heat continues to drive strong energy demand. The latest Base Residual Capacity Auction began on June 30, and recent results reflect a major increase in grid costs. Natural gas prices have also edged higher, and July power prices remain elevated after last week’s heat dome.
On July 2, 2026, the largest power grid in the United States came close to its limits. PJM, which serves more than 65 million people across the Midwest and Mid‑Atlantic, called emergency measures as demand pushed toward a new all‑time summer peak, eclipsing levels last seen during the 2006 heat wave. For commercial, industrial, and…
Yesterday (July 1, 2026), peak electricity demand on the PJM grid reached 162.1 gigawatts (GW) around 5:00 PM EDT
Natural gas is still trading in the low $3 range, supported by strong production and LNG exports back above 18 Bcf/d. Forward pricing for next winter remains relatively attractive, especially with an El Niño pattern on the radar. On the power side, May index prices averaged under 4 cents per kWh, and many 2029 months (outside of July and winter) are now pricing below the next two years. For many businesses, this is a good window to consider small, targeted hedges rather than sitting fully on the sidelines.
Based on current PJM load and weather forecasts, a system annual peak could be established today, from 4 PM EDT to 7 PM EDT. What to Expect: The grid will be under significant stress, potentially impacting stability and reliability. Why This Matters: With extreme heat across the region, electricity use will be at its peak,…
Based on current PJM load and weather forecasts, there is a high risk that a system annual peak could be established each day this week between the hours noted below. Monday, June 29Peak Hour: 5:00 PM – 6:00 PM EDTPeak Demand Forecast: 142,963 MW Tuesday, June 30Peak Hour: 5:00 PM – 6:00 PM EDTPeak Demand Forecast: 148,823 MW Wednesday,…
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