Name: 2019/2020 PJM Capacity Auction: Week-ahead Detailed Price Guidance
Brand: Wood Mackenzie
SKU: 46099
Price: 3000 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 04 May 2016

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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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.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Looking back – the 2018/2019 Auction Summary (RTO wide)
    </li>

<li class="list__item-toggle">
        <a href="#cf80b07c-b109-4620-8bae-17f4a450045b" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="cf80b07c-b109-4620-8bae-17f4a450045b" aria-expanded="false">
            Wood Mackenzie 2019/20 BRA Auction (RTO wide) Forecast
        </a>
        <ul id="cf80b07c-b109-4620-8bae-17f4a450045b" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Changes to Demand or the VRR curve
    </li>
    <li class="push-quarter--bottom">
        Changes to Supply
    </li>
    <li class="push-quarter--bottom">
        Price Guidance for RTO wide prices
    </li>
    <li class="push-quarter--bottom">
        Zonal Price Separation
    </li>
    <li class="push-quarter--bottom">
        COMED
    </li>
    <li class="push-quarter--bottom">
        EMAAC
    </li>

</ul>
    </li>

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        <a href="#ae48c1ba-a0cd-42a7-b7f4-f3a984560c7e" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="ae48c1ba-a0cd-42a7-b7f4-f3a984560c7e" aria-expanded="false">
            Risk
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        <ul id="ae48c1ba-a0cd-42a7-b7f4-f3a984560c7e" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        New CC capacity bids
    </li>
    <li class="push-quarter--bottom">
        Technology
    </li>
    <li class="push-quarter--bottom">
        Gas Pipeline Delays
    </li>
    <li class="push-quarter--bottom">
        Access to firm pipe
    </li>
    <li class="push-quarter--bottom">
        AEP/First Energy PPAs
    </li>
    <li class="push-quarter--bottom">
        VRR curve changes and impact on sentiment and bidding strategies
    </li>
    <li class="push-quarter--bottom">
        Hatfields Ferry FE (Downside)
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    <li class="push-quarter--bottom">
        Nuclear Retirements (Upside)
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</ul>
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<li class="list__item-toggle font-semibold">
        Conclusion
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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Figure 1: Wood Mackenzie modelled 2018/19 BRA Auction (RTO wide): Price Outcomes</li><li class="list__item push-quarter--bottom">Figure 2: Wood Mackenzie modelled 2018/19 BRA Auction (RTO wide): Cleared and Uncleared Resources</li><li class="list__item push-quarter--bottom">Figure 3: Summary of Changes to the Demand (VRR) Curve</li>
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        <ul class="list list--bullets panel-toggle" id="ae5a76f2c3294d31a5d8411bc9e65ad4">
            <li class="list__item push-quarter--bottom">Figure 4: New Combined Cycle plants will be a big factor in the price (ICAP GW)</li><li class="list__item push-quarter--bottom">Figure 5: Summary of Changes in Supply Curves</li><li class="list__item push-quarter--bottom">Figure 6: Price Guidance for 2019/2020</li><li class="list__item push-quarter--bottom">Table 1: Summary of Cleared Resources</li><li class="list__item push-quarter--bottom">Figure 7: COMED Price Guidance for 2019/2020</li>
        </ul>
        
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >2019/2020 PJM Capacity Auction: Week-ahead Detailed Price Guidance</p>
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