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Insights
Our latest thoughts across the energy sector.
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PJM's 2028/29 BRA: $325/MW-day price cap
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
Jul 166 min read
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