Winston (@ChurchillWw) — PJM capacity auction clears at $325/MW-day, still ~7GW short

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Winston (@ChurchillWw) — PJM capacity auction clears at $325/MW-day, still ~7GW short

The grid's biggest capacity market cleared lower after 13 governors imposed a price cap and floor, yet supply still fell nearly 7,000 MW under the reliability target. The power-shortfall math behind the data-center build-out.

Open on X Winston (@ChurchillWw)
Winston✓ @ChurchillWw
Jul 15

PJM's capacity auction cleared yesterday at $325 a megawatt-day, down from last year. The 13 governors put a cap and floor on the price. Supply still came in nearly 7,000 megawatts short of the reliability requirement.

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The grid's biggest capacity market cleared lower after 13 governors imposed a price cap and floor, yet supply still fell nearly 7,000 MW under the reliability target. The power-shortfall math behind the data-center build-out.

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