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.
Manufacturers are under more pressure than ever to cut operating costs without tying up capital. That is why capital-free efficiency projects are gaining attention: they let plants pursue energy savings, factory optimization, and equipment upgrades with no upfront cost, while paying from the value the project creates. For plant leaders, the challenge is not whether these deals…
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.
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.
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.
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