ESAI Power’s latest NYISO Energy Watch market update includes our current 10-year forecast for power and natural gas prices across the New York ISO. This update is based on ESAI’s fundamental long-term view, along with forward market prices for the initial years. The report includes both our detailed Near-Term and Long-Term outlooks.
The PJM BRA for delivery year 2026/27 will take place in a few weeks. PJM is scheduled to open the offer window for the 2026/27 BRA on July 9th, 2025, for market participants. The Capacity auction window will close on July 16th, and PJM plans to post the auction results on July 22nd. The subsequent PJM Capacity Auction is scheduled in December. PJM is scheduled to open the offer window for 2027/28 BRA on December 4th for market participants. The auction window closes on December 10th, and PJM will post auction results on December 17th, 2025.
On May 2, PJM selected 51 projects, totaling 11,793 MW, to join the Transition Cycle 2 (TC2) generation interconnection study group (AG2 and AH1 queues) through its Reliability Resource Initiative (RRI). PJM had intended to select 50 projects in the RRI, however two projects received the same score, which resulted in PJM selecting 51 projects.
ESAI Power’s latest Energy Watch update includes our view on the impact of PJM’s 2025 Load forecast on Energy Prices and Capacity Prices moving forward in PJM, including detailed analysis of CAGRs for peak load and net energy in AEP, Dominion, PPL, COMED and other PJM RTO zones.
MISO released its seasonal preliminary PRA report yesterday, January 15, 2025. This update includes preliminary PRA Data posting for Summer 2025, Fall 2025, Winter 2025/26 and Spring 2026. The data includes PRMR, LCR, and Total Installed Capacity (ICAP). ESAI Power’s latest MISO Capacity report and forecast include updates on the Summer Peak forecast for 2025, how data center demand is impacting prices, details on scheduled and at-risk retirements, implementation of RBDC, and what market drivers will impact both the 2025/26 PRA and price outcomes over the next 10 years.
ESAI Power’s latest Energy Watch PJM market update includes our current 10-year forecast for power and natural gas prices across PJM. This update is based on ESAI’s fundamental long-term view, along with forward market prices for the initial years. ESAI Power’s latest PJM Energy Watch report includes both our detailed Near-Term and Long-Term outlooks.
PJM recently updated its Capacity Auction schedule for the 2026/27 Base Residual Auction. The auction was set to begin in early December 2024 but has now been delayed and is scheduled to take place in early July 2024. PJM is now scheduled to open the offer window for the 2026/27 BRA on July 9th, 2025 for market participants. The Capacity auction window will close on July 16th, and PJM plans to post the auction results on July 22nd.
This update provides a high-level overview of our recently published MISO Generation Asset Monitor (GAM) report and database for November, 2024. The MISO GAM tracks the Interconnection queue in MISO for additions, forecasts plant retirements and plants deemed at risk of retirement, and provides an outlook for the timeline of renewable generation projects in MISO.
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.
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.
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ESAI Power is a market research and consulting firm that delivers focused analysis of the US wholesale power markets: PJM, NYISO, ISO-NE and MISO. Since 2003, ESAI has been providing market-focused research product content and custom consulting services for US power market participants including private equity and infrastructure investors, lenders, independent power producers (IPPs), developers, utilities & retail electricity suppliers, regulators & RTOs, and traders.