Capacity Auction Calendar

Generation owners and their investors are placing big bets (often in the hundreds of millions of dollars) in Capacity Markets in ISO-NE, PJM, NYISO and MISO.  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 Power’s Capacity market experts were consultants during the formation of the ISO New England Forward Capacity Market, the New York Capacity Market, and the PJM Capacity Markets over 20 years ago.  ESAI’s involvement in these early consulting projects prompted ESAI to launch a quarterly publication called Capacity Watch in 2003.  Capacity Watch covers Capacity market rules and auction structure in ISO-NE, PJM, NYISO and MISO.  Over the past 20 plus years we have helped inform our subscription clients with ongoing analysis of the Capacity markets.  This consulting knowledge plus our  ongoing primary research positions ESAI analysts as the foremost Capacity Market experts.

We publish Capacity Watch and the Generation Asset Monitor to assess Capacity market rule changes, supply, demand, the interconnection queues and forecast upcoming fossil retirements.  Whilst many see “hopeless complexity”, ESAI Power’s Capacity experts can see through the noise, and into trends to provide reliable input into Generation Owner and Investor Capacity auction bidding strategies and managing risk long-term.

ESAI Power’s vision is to: ”advance transparency, competitiveness, efficiency, and transformation in the power markets” and we support clients by providing insights and, as much as possible, transparency for our subscribers.

Below, please find our RTO specific auction pages to see upcoming capacity auctions for the PJM, NYISO, & ISO-NE forward capacity markets.