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On August 21, 2015 PJM published the much awaited results of the 2018/2019 PJM Base Residual Auction (BRA). While there was considerable uncertainty around this auction driven by a series of regulatory changes like Capacity Performance (CP) and demand curve redesign, the results were in line with Wood Mackenzie H1 2015 projections with surprises nevertheless. This short insight provides a high level summary and comparison of auction results to our forecast.
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PJM Auction results in line with our expectation with some surprises PDF - 293.11 KB 3 Pages, 0 Tables, 1 Figures
Description
This Power Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.
For participants, suppliers and advisors who want to look at the trends, risks and issues within the power industry, this report gives you an expert opinion and analysis to help inform your decision making.
Wood Mackenzie's detailed analysis and reliable market forecasts provide a strong reference, enabling a quick and concise description about the relationship between this event and its implications.
Underpinned by our extensive gas, coal and oil markets research, Wood Mackenzie's detailed analysis and reliable market forecasts provide a reliable foundation for investments and corporate planning. We help you understand key regulatory and economic drivers, and emerging industry trends in the power industry.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Insight | Aug 2015
PJM Auction results in line with our expectation with some surprises
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