ESAI Power continuously monitors and conducts analysis of the capacity markets in New York, New England, PJM, and California. Capacity market projections incorporate detailed assessments of all market drivers including load projections, demand curve parameters, new capacity and retirements, and transmission constraints that impact locational delivery and pricing. Each quarter, ESAI provides updates on supply and demand fundamentals, market rule developments, and policy changes that can affect capacity market outcomes. ESAI’s Project Evaluation Program database provides detailed assessments of traditional and renewable projects under development as well as tracking retirements. All facets of capacity markets are analyzed and discussed in ESAI’s Capacity WatchTM publication.
ESAI works with investors, developers, generation owners and operators to navigate the complex Northeast capacity markets and to understand the potential impacts of changing market conditions on the profitability of their businesses. ESAI produces 10-year Capacity outlooks for all of the capacity zones within PJM, New York and New England as well as providing insight into resource adequacy developments in California.
Capacity WatchTM – Provides quarterly analysis of capacity markets and policy issues that impact capacity price outcomes over a 10-year forecast horizon. Also provided is an evaluation of the outlook for the construction of each generation project in PJM, New York, and New England. 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. The impacts of new generation and retirements on reserve margin surpluses and forward capacity market values is updated and presented in each issue. ESAI’s project database (Project Evaluation ProgramTM) is updated and presented with each issue.