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PJM capacity prices likely weaker: observers

mark watson | megawatt daily | 12 may 2016 

PA's Ethan Paterno, an energy markets expert, is quoted in an article in Megawatt Daily. The article offers insight on the recent PJM auction. 

Commenting on this topic, Ethan stated that: “PA projects overall downward price pressure across PJM in the upcoming 2019/20 auction, primarily as a result of the PJM [independent system operator's] lower peak demand forecast.

Ethan continued: For most of the PJM footprint, PA Consulting expects capacity to clear around $135/MW-day. Certain load pockets, such as the Chicago area's Commonwealth Edicon and PJM's East Mid-Atlantic region, which includes the Delmarva Peninsula, New Jersey and southeastern Pennsylvania, might have prices ranging from $170 to $190/MW-day.

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Ethan concluded by stating: Looking forward, PA expects (all else equal) capacity prices across PJM to rebound in the 2020/21 auction as the Base Capacity resource product is eliminated.

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