Comprehensive Capacity, Energy, Renewable and Emissions Market Research and Forecasts

PJM recently updated its Capacity Auction schedule for the 2026/27 Base Residual Auction. The auction was set to begin in early December 2024 but has now been delayed and is scheduled to take place in early July 2024. PJM is now scheduled to open the offer window for the 2026/27 BRA on July 9th, 2025 for market participants.  The Capacity auction window will close on July 16th, and PJM plans to post the auction results on July 22nd.

This update provides a high-level overview of our recently published MISO Generation Asset Monitor (GAM) report and database for November, 2024.  The MISO GAM tracks the Interconnection queue in MISO for additions, forecasts plant retirements and plants deemed at risk of retirement, and provides an outlook for the timeline of renewable generation projects in MISO.

This quarter's NYISO Renewables Watch update includes ESAI's latest updated Tier 1 REC supply and demand outlook and assesses New York's progress towards meeting it's 70% by 2030 Renewable Energy requirement.  We compare New York's RES requirements with ESAI's Projections (MWh) to assess the projected deficit.

The NYISO Winter Strip Auction window opened today, starting a series of critical events in the NYISO Winter Capability Period for 2024/25. The New York Independent System Operator (NYISO) manages the state of New York’s energy needs, ensuring a reliable power supply during the colder months. This blog post will delve into some details of the NYISO Installed Capacity Market for the Winter 2024/25 season, shedding light on auction schedules, clearing price volatility, and notable changes compared to the previous winter.

This update provides a high-level overview of our recently published NYISO Generation Asset Monitor (GAM) report and database. The NYISO GAM tracks the Interconnection queues for additions, forecasts plant retirements and plants deemed at risk of retirement, and provides an outlook for the timeline of renewable generation projects in PJM, MISO, NYISO and ISO-NE.

The 2026/27 PJM RPM Base Residual Auction is scheduled for early December. Ethan Howland reports in today's Utility Dive that according to Morgan Stanley and ESAI Power's Scott Niemann, PJM capacity auction prices could plausibly clear at the price cap.  Whilst clearing at the cap is a "very plausible" outcome, there are scenarios where pricing clears at "substantially" lower prices.