Market Views Archives

Philippe Schicker In Market Views, Power

EDAM Launch Day – Briefing

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…

Philippe Schicker In Capacity, Market Views

Nice Grid You’ve Got There – Mind Paying For It?

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…

Ghizlene Mejdi In Fuels, Market Views

Can Renewable Fuels Replace Fossil Fuels? Market Reality vs Policy Ambition

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…

Ghizlene Mejdi In Capacity, Market Views

The ELCC Crunch: How Shifting Capacity Values are Redefining Asset Valuation

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 longer…

Peter Gardett In Fuels, Market Views

Advanced Biofuel Feedstocks: Forecasting Prices in the Waste-to-Wealth Energy Market

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…

Peter Gardett In Capacity, Market Views, Power

PJM gas bid fever may be breaking

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…

Peter Gardett In Capacity, Market Views

Why the PJM 3IA Prices Cleared So Low

Prices for PJM capacity in the 3rd Incremental Auction structure were released this week by the ISO, and some clients have asked us why they…

Peter Gardett In Capacity, Market Views

Determining Demand in PJM: Auction Edition

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…

Peter Gardett In Capacity, Market Views

Project Finance and PJM: Auction Repercussions

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…

Peter Gardett In Capacity, Market Views

Scarcity, Stabilized: Why PJM Isn’t Ready to Let Capacity Prices Run

How long can price controls work in the largest US power market? PJM’s recent Base Residual Auction (BRA) for Delivery Year 2027/28 clearing at the…

Peter Gardett In Market Views, Power

Untangling AES amid a power valuation boom

The much-rumored purchase of IPP–utility hybrid AES by GIP appears to be moving toward a closing phase, with the BlackRock subsidiary now diluting the full…

Peter Gardett In Capacity, Market Views, Power

Why keeping coal online will be so expensive

Investors regularly optimize for demand growth but often struggle to model the complexity imposed by supply constraints. In energy, remembering both sides of the equation…

Market Views30

EDAM Launch Day – Briefing

Nice Grid You’ve Got There – Mind Paying For It?

Can Renewable Fuels Replace Fossil Fuels? Market Reality vs Policy Ambition

The ELCC Crunch: How Shifting Capacity Values are Redefining Asset Valuation

Advanced Biofuel Feedstocks: Forecasting Prices in the Waste-to-Wealth Energy Market

PJM gas bid fever may be breaking

Why the PJM 3IA Prices Cleared So Low

Determining Demand in PJM: Auction Edition

Project Finance and PJM: Auction Repercussions

Scarcity, Stabilized: Why PJM Isn’t Ready to Let Capacity Prices Run

Untangling AES amid a power valuation boom

Why keeping coal online will be so expensive

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