PJM Capacity Prices Spike 10-fold in 2025/26 Auction
Load Growth, Deactivations, Risk Modeling Changes Cited as Causes
PJM capacity prices increased nearly ten-fold in the 2025/26 Base Residual Auction, with two regions reaching their zonal caps. | PJM
Jul 30, 2024
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PJM capacity prices increased nearly tenfold in the 2025/26 Base Residual Auction as a trifecta of load growth, generation deactivations and changes to risk modeling shrank reserve margins.
