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

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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.

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Capacity Watch Blog

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

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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. 

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Power and Energy Markets Analyst

Power and Energy Markets Analyst

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ESAI Power is seeking candidates for analyst positions to support our growing market research and consulting practice. Successful candidates will have a degree in Economics, Mathematics, Finance, Statistics, Energy & Environmental Policy, or Power Systems Engineering and/or 3-4 years of relevant experience. A sincere interest in the electricity industry, renewable energy, & environmental issues, along with an understanding of economics, excellent analytical, writing & presentation skills are essential.

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Power and Energy Markets Senior Analyst

Power and Energy Markets Senior Analyst

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ESAI Power is seeking candidates for senior analyst positions to support our growing market research and consulting practice. Successful candidates will have a degree in Economics, Mathematics, Finance, Statistics, Energy & Environmental Policy, or Power Systems Engineering, and/or 4+ years relevant experience. A sincere interest in the electricity industry, renewable energy, & environmental issues, along with an understanding of economics. Excellent analytical, writing & presentation skills are essential.

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Energy Watch Blog

PJM Load Forecast Update | February 2024 | Energy Watch Blog

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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.

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Capacity News SMM

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

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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.

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Capacity Watch Blog

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

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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.

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ESAI Holiday Banner

Top ESAI Power Blog Posts for 2023

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It has been a banner year for news in the wholesale power space and our top five blog posts reflect that with heavy concentration of capacity and renewable energy news in NYISO, MISO and the PJM Interconnection.

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Congestion Watch Blog

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

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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.

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ISO-NE Auction Track Record

ISO-NE Forward Capacity Auction Forecast Track Record

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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.

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