The shape CAISO warned about in 2013 is no longer a warning; it's the market's operating system. The Duck Has a Day-Ahead Market Now On…
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Data Centers and the Power Problem The bottleneck in data center development has changed. When the AI boom started, we naively assumed it would be…
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The West Has a Day-Ahead Market On May 1, 2026, CAISO's Extended Day-Ahead Market (EDAM) went live, the first centralized day-ahead clearing mechanism for the…
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FERC's June Deadline & End of the Large-Load Grey Zone For the last year and a half, the economics of siting a gigawatt of data…
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Renewable fuels are increasingly positioned as one of the key solutions for decarbonizing the global energy system. Governments, investors, and industries are accelerating efforts to…
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In today's U.S. capacity markets, two acronyms are increasingly shaping investment decisions: ELCC (Effective Load-Carrying Capability) and DSCR (Debt Service Coverage Ratio). They are no…
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The global biofuel feedstock market is undergoing a structural shift. As governments accelerate decarbonization targets, the industry is moving away from first-generation food-based biofuels toward…
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The sale of four natural gas units by Constellation to LS Power for roughly $5 billion is not cheap by any description, but it does…
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The 2026/2027 PJM 3rd Incremental Auction (3IA) cleared at $164/MW-day, well below the Base Residual Auction cap of $329.17/MW-day. The gap has generated questions from…
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Lack of demand side visibility in US power and capacity markets remains shocking. As the largest US power market braces for a 15-year, $150 billion…
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With $150 billion of capacity revenue at stake, PJM's planning for a long-term auction process later this year has outsized stakes for project finance in…
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PJM's Base Residual Auction for Delivery Year 2027/28 cleared at the Cost of New Entry, approximately $333/MW-day. That outcome was not a market anomaly. It…
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