Capacity Watch™ Report Published for the 4th Quarter of 2019
November 15, 2019
This last issue of Capacity WatchTM of 2019 contains updates for ESAI’s forecast for New York, with various factors supporting higher clearing prices. In New England, auction parameters for next February’s FCA14 are in place, including procurement amounts and demand curves. In PJM, the 2022/23 BRA remains delayed indefinitely pending an order from FERC. Our BRA forecast remains unchanged from Q3, but the auction delay may result in downward revisions in both the peak load forecast and reliability requirements for PJM which could lead to lower BRA clearing prices. Please see the accompanying excerpt for review.