Insights

PJM’s 2028/29 Base Residual Auction, announced on July 14, 2026, cleared lower than the prior auction while its supply shortfall widened. The lower price traces to the temporary cap; the widening shortfall reflects fundamentals the capped price does not express. Takeaways: PJM's 2028/29 Base Residual Auction cleared at a single RTO-wide $325/MW-day — the third consecutive auction at the FERC-approved cap. Number of constrained LDAs remained at zero, and there was no LDA-leve

In H1 2026, one theme came to define U.S. power markets: reallocation. As AI and data-center demand outpaced a delivery-constrained grid, the year turned less on adding capacity than on redirecting it — who pays for reliability, what provides it, and where the grid gets built next. PJM A capacity shortfall, a record grid bill, and a $67B merger PJM's capacity market reached its limits in H1 2026. The 2027/28 capacity auction cleared at its price cap yet still recorded the fi

Recent U.S. Energy Information Administration (EIA) Today in Energy reports highlight how different parts of the United States are responding to rising electricity demand in different ways. While both MISO and ERCOT are absorbing significant load growth, including demand from data centers, their generation mix responses continue to diverge. Coal remains competitive in MISO Coal-fired generation remains economically competitive in MISO. The latest EIA Today in Energy analysis

Last month, six federal agencies jointly issued Advisory AA26-097A, confirming active exploitation of internet-exposed industrial control systems (ICS) across U.S. critical infrastructure. Threat actors logged into programmable logic controllers using legitimate engineering software, tampered with configuration files, and manipulated operator displays — causing measurable operational disruption and financial loss. On its face, the advisory targets bulk power assets covered by

PJM Interconnection – the deregulated power market in the U.S., serving 65 million people across 13 states and D.C – has emerged as the global epicenter of AI-driven electricity demand. In 2024, PJM Peak Load was 152 GW. It represents 20% of total US electricity demand and its Dominion zone is the corridor to 70% of global Internet traffic. Part 1: PJM’s Top 3+3 Zones Driving 59 GW Surge PJM’s 2025 load forecast released January 24, 2025, reveals 59 GW of new AI/data center d

Historically, many schools across the United States have faced budget constraints that negatively impact the quality of education...