As an industry leader in the analysis of capacity markets and capacity policy issues, ESAI is on the vanguard of this essential component of the wholesale power markets. We regularly maintain outlooks for pool-wide and regional capacity prices, while capturing supply and demand fundamentals, assessing the impact of specific demand curve shapes, balancing pool specific rules, and keep an outlook for construction of each generation project in the Northeast. These elements all combine to form ESAI’s overall perspective for how the capacity markets will evolve. ESAI’s project database (Project Evaluation Program) is available to our clients by request. In our PEP every project is assigned a “probability of completion” factor in percentage terms, which is then applied to develop a forward assessment of likely capacity additions within a particular pool.