PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1229680
PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1229680
PJM recently posted results of the delayed 2024/25 delivery year Base Residual Auction (BRA). While RTO prices declined in this auction, our view is that capacity prices in PJM may be bottoming out and an increasing price trend may be forthcoming. In this insight, we lay out three reasons for this view: