This Insight summarizes our price guidance in advance of the PJM auction with details around supply and demand curves, assumptions and risks. Over the past few years, PJM has seen a rapid transition from coal to natural gas. With a staggering 20 GW of combined cycles targeting the 2018/19 and 2019/20 online dates, we discuss implications on capacity auction results.
Table of contents
Looking back – the 2018/2019 Auction Summary (RTO wide)