News

NYISO Progress Towards Meeting 70% by 2030 | Renewable Watch Blog

October 4, 2024

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.

NYISO Capacity Price Forecast Winter 2024-25 | Capacity Watch Blog

September 27, 2024

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.

ESAI Power NYISO Generation Asset Monitor Update | NYISO Generation Asset Monitor Blog

September 24, 2024

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.

PJM Generation Asset Monitor Update | Capacity News

September 9, 2024

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.

PJM Capacity Price Forecast Update BRA 2026/27 | Utility Dive | Capacity News

August 29, 2024

PJM Capacity Forecast BRA 2025/26 | Capacity Watch

June 30, 2024

We will soon publish our Capacity Watch for PJM report, which provides a comprehensive analysis of market drivers and recent developments, including Market Rules Changes for Capacity Accreditation (ELCC & CIFP), Increased Demand Forecast for Data Centers & AI and Retirement Drivers: At-risk assets driven by coal ash rules.

Emissions Watch | EPA Rules Update

June 6, 2024

ESAI Power’s latest Emissions Watch update, issued on May 16, 2024, provided our customers with our analysis of the four final rules issued by the US Environmental Protection Agency (EPA) in April 2024, including the Greenhouse Gas Rule (GHG), the Updated Effluent Limitation Guidelines (ELGs), the Updated Mercury and Air Toxics Standards (MATS) and the Coal Combustion Residuals (CCR) Rule.

NYISO Installed Capacity Market Summer Strip 2024 Update | Capacity Watch Blog

March 26, 2024

The NYISO Summer Capability Period will begin on May 1st, with the following auction schedule: Wednesday, March 27th - The NYISO ICAP Summer 2024 Strip Auction Bid Period Opens. Thursday, March 28th - The Summer Strip Auction Bid Period closes. Monday, April 1st - Results of the auction are posted. Tuesday, April 9th - First monthly auction for Summer 2024. April 24th - 25th - May Spot Market Auction. April 29th - May Spot Market Auction results are posted. ESAI's Capacity Watch update to clients discusses the key auction parameters, changes in supply since Summer 2023/24, and ESAI's forecast for the Summer period. ESAI's NYISO Capacity Watch update includes predicted Summer 2024 Clearing prices for NYCA, Zone J, Zone K, and the G-J Locality.

MISO PRA Scheduled to Start March 26th | Capacity Watch Blog

March 20, 2024

ESAI brings 20 years of experience analyzing and forecasting the Capacity Markets in PJM, ISO-NE and NYISO, into our new Capacity coverage of MISO. ESAI also maintains a MISO Energy Asset Database (Delivered to subscribers in excel) that tracks the MISO Interconnection queue to forecast Renewables Additions that produces a Probability Weighted Renewable Additions forecast, any Fossil Additions, and also any plant Retirements or forecasting plants at risk of retirement.

PJM Load Forecast Update | February 2024 | Energy Watch Blog

February 20, 2024

ESAI Power's latest Energy Watch market update includes our current 10-year power and natural gas price forecast across PJM, NYISO and ISO-NE. The update also includes our natural gas price forecast, based on our fundamental long-term view, along with forward market prices for the initial years. This blog post will delve into the critical details behind our near-term and long-term 10-year energy market forecast for ISO-New England.

PJM Set To Hold Capacity Auction In June After Receiving Mixed FERC Decisions | Capacity News

February 12, 2024

Ethan Howland reports in Utility Dive that after receiving two key Federal Energy Regulatory Commission decisions, the PJM Interconnection plans to hold its next capacity auction in June. Our Scott Niemann, Managing Director & Principal, said the FERC-approved changes will likely put upward pressure on capacity prices in most parts of PJM. Driven by pending power plant retirements, prices in PJM’s Southwest MAAC zone could break higher than the overall regional transmission organization.

ISO-NE FCA18 Auction Dynamics and Capacity Price Forecast | Capacity Watch Blog

January 23, 2024

In ESAI’s latest Capacity Watch report, we analyze ISO-NE FCA18, Forward Capacity Auction. ESAI's coverage includes auction parameters, qualified capacity, and expected auction dynamics. These are all detailed in our Capacity Watch report.

RGGI Auction 62 Clears at CCR Trigger of $14.88 | Emissions Watch Blog

December 8, 2023

The most recent RGGI quarterly auction (Auction 62) was held on December 6, 2023. The clearing price was $14.88/ton, 7.4 percent higher than the clearing price of $13.85/ton on September 6, 2023 (see Figure 1). Auction 62 represents the third consecutive auction with increasing clearing prices, which follows three prior consecutive auctions with decreasing clearing prices.

ISO-NE Forward Capacity Auction Forecast Track Record

November 27, 2023

Generation owners and their investors are placing big bets (often in the hundreds of millions of dollars) in the ISO-New England Capacity Market. As Mark Christie, FERC Commissioner, put it in March 2023: “Capacity Markets are characterized by such hopeless complexity and impenetrable opacity that they represent the example of a game that only insiders can play and win.” ESAI is now offering the opportunity to request our Pre-Auction Capacity Price Forecasts for ISO New England's Forward Capacity Auction (FCA) over the past 7 Capacity Auctions.

PJM Capacity Auction Track Record 2016 – 2023

November 21, 2023

Power Generator owners and their investors are placing big bets (often in the hundreds of millions of dollars) in the PJM, MISO, ISO-NE and NYISO Capacity Markets. As Mark Christie, FERC Commissioner, put it in March, 2023: “Capacity Markets are characterized by such hopeless complexity and impenetrable opacity that they represent the example of a game that only insiders can play and win.”

NYISO Capacity Prices Volatile Heading into Winter 2023-24 | Capacity Watch Blog

October 9, 2023

As the days grow shorter and temperatures drop, the New York State energy market gears up for another winter season. The New York Independent System Operator (NYISO) manages the state’s energy needs, ensuring a reliable power supply during the colder months. This blog post will delve into the critical details of the NYISO Installed Capacity Market for the Winter 2023/24 season, shedding light on auction schedules, clearing price volatility, and notable changes compared to the previous winter.

RGGI Auction 61 – Clearing Prices Up Nearly 9% | Emissions Watch Blog

September 8, 2023

The most recent RGGI quarterly auction (Auction 61) was held on September 6th. The clearing price was $13.85/ton, 8.8% higher than the clearing price of $12.73/ton on June 7, 2023. Auction 61 represents the largest increase in clearing price in percentage terms since Auction 54 in December 2021.

Will Virginia leave RGGI? | Emissions News

August 31, 2023

At the end of July, regulations were published to withdraw Virginia from the Regional Greenhouse Gas Initiative (RGGI). The regulation, which was to take effect on August 30, 2023, requires that Virginia withdraw from the RGGI program at the end of this year. As expected, a legal challenge was filed immediately by the SELC.

PJM Interconnection Process Update | Generation Asset Monitor Blog

July 24, 2023

Earlier this month, PJM issued an update on its new process for studying New Service Requests from generators seeking Interconnection Service Agreements (ISAs) or Wholesale Market Participant Agreements (WMPAs). This new process was approved by the Federal Energy Regulatory Commission (FERC) on November 29, 2022, and was implemented to address the significant backlog of generation projects with queue positions awaiting ISAs or WMPAs.

NYISO Capacity Price Forecast | Capacity Watch Blog

July 3, 2023

In ESAI’s latest Capacity Watch update, ESAI delivers our NYISO Capacity Market Forecast out to 2032/33 Capability Year.

RGGI Auction 60 – Clearing Price of $12.73/ton | Emissions Watch Blog

June 9, 2023

RGGI quarterly Auction 60 was held on June 7, 2023. The clearing price was $12.73/ton, 1.8 percent higher than the clearing price of $12.50/ton on March 8, 2023 (see Figure 1). Auction 60 represents the first auction with a clearing price higher than the previous auction since Auction 56 in June 2022, reversing the recent trend of declining clearing prices.

MISO PRA Scheduled to start April 18th | Capacity Watch Blog

March 28, 2023

Platts Global Power Markets™ Conference April 17-19, 2023

March 28, 2023

The Platts Global Power Markets™ Conference connects the power industry at the Wynn Hotel in Las Vegas, from April 17-19. Schedule a meeting with our ESAI Team at the conference to learn how we can help you make better investment decisions. Our Tom Bausemer and Brian Doyle will be attending the event and if you are interested in meeting up with them to discuss our wholesale power market research reports, please fill out the form to the right.

RGGI Auction 59 – Clearing Price of $12.50/ton | Emissions Watch Blog

March 10, 2023

The most recent RGGI quarterly auction (Auction 59) was held on March 8, 2023. The clearing price was $12.50/ton, 3.8% lower than the clearing price of $12.99/ton on December 7, 2022 (see Figure 1). Auction 59 represents the third consecutive auction with a clearing price at least three percent lower than the previous auction. The trend of lower clearing prices in recent auctions is notable given that clearing prices had increased in 12 consecutive auctions from September 2019 through June 2022.

ISO-NE FCA17 Auction Dynamics and Capacity Price Forecast | Capacity Watch Blog

February 24, 2023

In ESAI’s latest Capacity Watch report, we analyze the ISO-NE FCA17, Forward Capacity Auction. ESAI's coverage includes auction parameters, qualified capacity, and expected auction dynamics. These are all detailed in our Capacity Watch report.

PM2.5 and NAAQS Update | Emissions Watch Blog

February 15, 2023

The U.S. Environmental Protection Agency (EPA) issued a proposed rule to strengthen the primary (health-based) annual National Ambient Air Quality Standards (NAAQS) for fine particle pollution, PM2.5. Specifically, the EPA is proposing to revise the primary annual standard from 12.0 µg/m3 to a value within the range of 9.0 and 10.0 µg/m3.

Please fill in your contact details, check the box(es) on the right to indicate your preferred complimentary research report, up to a maximum of 3 reports and if you have any comments.

Request free trial reports from our portfolio of energy publications, including Capacity Watch, Energy Watch, Renewables Watch, Emissions Watch and Transmission Watch. Please fill in your contact details, check the box(es) on the right to indicate your preferred complimentary report, up to a maximum of 3 reports, and let us know if you have any comments or questions.

Your Name

Your Email

Your Company

Your Telephone

Report Title	Product Description	Check here for Free Report(s)(3 reports max)
Capacity Watch	Provides a regional 10-year Capacity price forecast and an in-depth analysis of current market issues. affecting price outcomes. Impacts of reserve margin surpluses and forward capacity market values.
Energy Watch	Reviews market conditions, granular forecasts of pool-wide and zonal energy pricing, fuel input forecasts, and policy changes.
Renewables Watch	Analyzes solar, wind, hydroelectric, and storage plus the regulatory and market factors that impact the supply and demand balance for Class I RECs.
Transmission Watch	Analyzes regional transmission reliability issues for RTO and State transmission policies.
Emissions Watch	Provides analysis of developments in the SO2, NOx, and CO2 emissions markets plus RGGI reports.

Please share any comments (optional)

If you have any questions about our free trial process, please contact Tom Bausemer at (781) 460-1227 or [email protected].

If you have any questions about our free trial process, please contact Tom Bausemer on (781) 460-1227 or [email protected] to order your free trial report.

*Project Evaluation Program (PEP) database with detailed evaluation of generator projects under development and at-risk of retirement not included in free trial for Capacity Watch. ESAI Power grants free trials at its sole discretion. Note: the PEP product can be viewed on a demo basis over zoom or teams. Corporate policy is not to grant access to our most recent reports during a free trial.

Contact Us

Please contact us for more information about our research product publications or our consulting services.