Power Forwards in PJM Trend Higher, RGGI CO2 Allowances Increase | Energy Watch Blog
June has brought about high temperatures and strong electricity demand to the PJM, NYISO, and ISO-NE power markets with elevated prices. Northeast power futures reacted quickly and are trading significantly higher. Despite this rally in prices, ESAI’s gas outlook is stable and believes the futures are overvalued. In this blog, we’ll provide a brief update on each of the ISO’s and an update on the RGGI Quarterly Auction (Auction 52).